Moody's: Growing concern that recession is only a shock away

Moody's: Growing concern that recession is only a shock away

The Edge Markets - Malaysia·2019-11-14 16:44

KUALA LUMPUR (Nov 14): The global economy may not enter into a recession in 2020 or 2021, but persistently weak data could fuel a self-fulfilling deterioration in sentiment and global growth, says Moody's Investors Service Inc.

The credit rating agency said business sentiment across major economies has become downbeat with a growing concern that a recession is only a shock away.

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