Moody’s: US-China phase one trade deal will not resolve core differences

Dhwani Mehta FXStreet

The US-based rating agency, Moody’s Investors Service, in its latest report, offers downbeat remarks on the US-China phase one trade deal as well as on the Asia-Pacific corporate sector.

Key Points:

“Outlook for APAC corporates remains negative in 2020 amid slowing global growth and trade policy uncertainty.

While positive, the US-China trade agreement will not resolve core differences, dampening business sentiment globally.

Global economic growth will remain lacklustre, with growth in the US and China decelerating to 1.7% and 5.8% respectively in 2020.

Major central banks, including US Fed ECB, & BOJ will maintain accommodative monetary policies.”

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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