| Global economic growth will remain at a historically low level next year, susceptible to a Chinese shock, fragmentation in the euro area and fresh financial market volatility, according to Moody’s.
In a report published on November 14, the ratings agency said it expects global growth to rise to 3% next year and 2.9 % in 2018, from 2.6% in 2016, but that the risks to the trajectory have risen. Moody’s wrote: “We believe that the US and Japan are growing close to potential. Countries in the euro area are recovering at a stable, but modest pace. However, economic activity in the UK is expected to weaken, as uncertainty about its future economic path dampens investment.”...........................................Full Article: Source
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