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May 26, 2022
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Moody’s lowers its growth projection for the G20 economies in 2022 to 3.1%

Moody's lowers its growth projection for the G20 economies in 2022 to 3.1%

The economies of the group G20 They will grow this year by 3.1%, a significant drop compared to the advance of 5.9% in 2021, due to the complex series of challenges that the world faces in recovering from the Covid-19 pandemicestimated on Thursday the debt rating company Moody’s.

Although the firm said it expects inflation measures to begin to decline over the next year, macroeconomic uncertainty prevails due to events such as the conflict of Ukraine and a greater slowdown than estimated in China.

For emerging markets, Moody’s estimates a joint growth of 3.8% in 2022 and an increase of 2.6% in the activity of the richest economies.

Except Russiaa recession is not expected in any country of the G20 for 2022 or 2023, he indicated, although the outlook for the region of Latin America will be weighed down in the medium term by the high inflation rates.

Moody’s said that the forecasts of China differ from any other large economy in the world, estimating that the country will register an advance of GDP real 4.5% this year and an improvement to 5.3% in 2023.



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