Moody’s: Global growth forecasts slip amid Russia-Ukraine war, China lockdowns

Dhwani Mehta FXStreet

Global growth forecasts slip with Russia’s invasion of Ukraine and China lockdowns, Moody’s Investors Services highlighted in its latest report published on Thursday.

Additional takeaways

Advanced economies will expand 2.6% in 2022 and emerging market countries will grow 3.8%, down from march forecasts of 3.2% and 4.2%.

Currently high inflation rates could persist for several more months, owing to elevated energy and food prices.

Except for Russia, do not currently expect a recession in any G-20 country in 2022 or 2023.

Risks that could further reduce forecasts include escalation of Russia-Ukraine conflict, faster-than-expected slowdown in China’s growth.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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