Moody's 2019-2020 Macro Economic Outlook Report has been published
International credit rating agency Moody beks
The credit rating agency's leme 2019-2020 Macro Economic Outlook 9 update report was published. Aya The global economy will continue to weaken in 2019 and early 2020, Rapor the report said. The pace of monetary policy normalization will slow in 2019. We expect the central banks to have a more cautious approach as economic growth becomes increasingly moderate and balance sheet risks are directed downwards. Ekonomik
In the report, it was recorded that the Fed was expected to increase its policy rate only once or twice, not three or four times this year, while the European Central Bank (ECB) is expected to increase its deposit and refinancing rates in 2020 instead of the second half of this year.
The global economy is remarkably weakening in the last quarter of last year, the report said, and it is expected that this weakening will continue in 2019 and early 2020.
According to the report, the G-20 economies recorded an annual growth rate of 3.2 percent, which is expected to grow by 2.9 percent at the end of this year and 2.8 percent in the next year. Growth will slow to moderate to potential levels . " The statement was given.
China's economic growth in the coming period last "several decades" the slowest period of the levels indicated in the report can be decreased, while Argentina took place in Turkey and forecasting recession can be seen.
The report stated that the risks related to global growth are downward, while the possibility of the Chinese economy slower than expected and the possible global reflections, the trade tensions between the US and China, and the tightening of the financing conditions in the markets are among the main risks that are likely to occur.
According to the report, the US economy will grow by 2.5 percent in 2019 and 1.7 percent in 2020, while in the Eurozone economic growth is projected to be 1.6 percent next year and 1.5 percent next year. .
According to the report, economic growth is expected to be 1.5 percent in Germany at the end of 2019, 1.3 percent at the end of 2020 and 6.0 percent in China in 2019 and 2020.
If the report is received in the part of the assessment of the economy's decline in imports Turkey's progress in the current account deficit mainly party and stated that reflection of low oil prices.
In Turkey, the report indicated that there is a positive development that the downward trend of inflation since October last year, as the expected decline in inflation was recorded decrease in aggregate demand.
In the report, Turkey will allow policy easing in the near term inflation very quickly given place to the unexpected estimate of the reduction of Turkey's economy shrinking level of 2.0 percent by the end of this year, at the end of 2020 if the projected 3 percent growth was recorded.
