global Growth will continue to slow down by shifting to a lower long-term trend, forecast in Moody's, adding that the world's largest economies will increase mutual distrust in the face of uncertainty related to trade policy.
"We are not expecting a recession in the global economy in 2020 or 2021. However, the current economic environment is characterized by structurally low growth, low inflation and limited space for maneuver in terms of policy that makes the economy more vulnerable to adverse events", - noted in the review Moody's.
the Agency predicted that GDP of the G20 (the group of twenty) in 2020 will grow by 2.6% in annual terms, the same rate will rise by the end of 2019. In 2021 the growth is expected to accelerate to 2.8%. In the August review Moody's forecast to rise by 2.7%, during current and next year.
Analysts expect the slowdown in the two largest world economies - US and China in 2020: the U.S. growth rate next year will be reduced to 1.7% from 2.3% in 2019, and in China to 5.8% from 6.2%. In 2021 the us GDP growth accelerating to 1.9%, and Chinese - will slow to 5.7%, predicts Moody's.
Economic growth in the developed G20 countries, according to estimates by Moody's, will be 1.6% in 2019, 1.4 percent in 2020 and 1.6% in 2021. GDP figures will be, respectively, 1.1%, and 1.2% and 1.4% in 2019, 2020 and 2021, the German economy will increase by 0.6%, 1% and 1.3%, is expected in Moody's.
In developing countries, economic activity stabiliziruemost or even increase in 2020 and 2021, experts predict the Agency.
"We expect that economic growth in the developing countries of the G20 in 2019 will amount to 4.3% and is the lowest since 2009. In 2020, growth is expected to accelerate to 4.6% in 2021 to 4.8%. Of the 10 countries included in this group Argentina is the only one where the expected decline in GDP this year and next year," reads the report.