- Moody's: Economic growth in China is likely to slow to 6.6% in 2018 from 6.9% in 2017
Market news
22 August 2018
Moody's: Economic growth in China is likely to slow to 6.6% in 2018 from 6.9% in 2017
Asian and Pacific non-financial corporations demonstrate a stable credit trend, but increased trade tension creates risks
The further escalation of trade tensions will not only damage growth, both in China and the US, but also spill over to trade-dependent Asian economies
Trade tension creates risks for large exporters of "intermediate goods" to China, where goods are collected in finished products for shipment to the US
Waiting for China's stable credit trend, supported by Moody's expectation of stable stable global growth
Prospects for the advanced economies of the G20 remain positive - an increase of 2.3% is expected in 2018
It is expected that growth in the US will exceed the forecast of other developed G20 countries - at 2.7% in 2018
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