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