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G20 Countries Will Likely Suffer a Recession This Year Due to Coronavirus, Says Moody’s


Consultant picture. (Reuters)

China nevertheless, regardless of struggling an outbreak of the novel coronavirus earlier than everybody else, may see financial exercise broaden by 3.Three %.

  • AFP
  • Final Up to date: March 26, 2020, 8:10 AM IST

Paris: The world’s 20 most industrialised international locations will possible endure a recession this 12 months due to the COVID-19 pandemic, the monetary rankings company Moody’s forecast Wednesday.

It estimated that the G20’s total gross home product would contract by 0.5 %, with the US economic system shrinking by 2 % and the eurozone by 2.2 %.

China nevertheless, regardless of struggling an outbreak of the novel coronavirus earlier than everybody else, may see financial exercise broaden by 3.Three %, a degree that’s nonetheless effectively under common for the world’s second largest economic system.



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