Moody's Says Global Economy Faces A Reckoning Overinflation, Geopolitics And Policy Trade-Offs

Published on November 10, 2022 05:48 PM MSK

Nov 10 (Reuters) -

* MOODY'S SAYS GLOBAL ECONOMY FACES A RECKONING OVERINFLATION, GEOPOLITICS AND POLICY TRADE-OFFS

* MOODY'S SAYS GLOBAL GROWTH WILL SLOW IN 2023 AND REMAIN SLUGGISH IN 2024

* MOODY'S SAYS A PERIOD OF RELATIVE STABILITY COULD EMERGE BY 2024 IF GLOBAL GOVTS, CENTRAL BANKS MANAGE TO NAVIGATE ECONOMIES THROUGH CURRENT CHALLENGES

* MOODY'S SAYS EXPECT REAL GDP GROWTH OF G-20 ECONOMIES TO DECELERATE TO 1.3% IN 2023

* MOODY'S SAYS DECLINING ECONOMIC ACTIVITY IN ADVANCED ECONOMIES, NOTABLY IN EUROPE & NORTH AMERICA, WILL DRIVE SHARP MODERATION IN 2023 GROWTH

* MOODY'S SAYS IN 2024, GLOBAL ECONOMIC ACTIVITY WILL ACCELERATE BUT ONLY TO A BELOW-TREND 2.2% GROWTH RATE

* MOODY'S SAYS RUSSIA-UKRAINE CONFLICT WILL REMAIN CENTRAL GEOPOLITICAL RISK TO LARGER MACROECONOMIC PICTURE

* MOODY'S SAYS ASSIGN A VERY LOW PROBABILITY TO POTENTIAL FOR RUSSIA-UKRAINE CONFLICT TO BROADEN BEYOND UKRAINE’S BORDERS

* MOODY'S SAYS IF RUSSIA-UKRAINE CONFLICT BROADENS BEYOND UKRAINE’S BORDERS, IT WOULD MARK ESCALATION, CREATING FURTHER & SEVERE DOWNSIDE ECONOMIC RISKS

* MOODY'S SAYS U.S. INTEREST RATES ARE LIKELY TO REMAIN ELEVATED UNTIL INFLATION IS RELIABLY UNDER CONTROL

* MOODY'S SAYS HAVE ALSO LOWERED OUR GROWTH EXPECTATIONS FOR CHINA TO 3.0% IN 2022 AND 4.0% IN 2023

* MOODY'S SAYS STRONG REASONS TO BELIEVE, HEADLINE INFLATION TO PEAK/STABILIZE & THEN DECLINE ACROSS COUNTRIES THROUGH 2023, WITH FURTHER DECLINES IN 2024

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