You are here

Moody's forecasts recession for G-20 countries in 2020

nz_policevan_260344.jpg
The world's 20 most industrialised countries will likely suffer a recession this year because of the Covid-19 pandemic, the financial ratings agency Moody's forecast on Wednesday.

[PARIS] The world's 20 most industrialised countries will likely suffer a recession this year because of the Covid-19 pandemic, the financial ratings agency Moody's forecast on Wednesday.

It estimated that the G-20's overall gross domestic product would contract by 0.5 per cent, with the...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes