Slowdown in China a major factor but ratings agency says UK growth is ‘robust and broad-based’ despite forecasting pace of expansion slowing to 2.4%

The global economy is on course for muted growth this year and next as it faces risks from a slowdown in China, the prospect of higher interest rates in the US and the lingering threat of a Greek exit from the euro, according to the latest forecasts from Moody’s.

Outlining the list of potential shocks that could knock even modest expansion off course, the credit rating agency said it did not expect the world’s leading economies to shake off the legacy of the financial crisis and return to their former growth averages for the next five years.

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Source: The Guardian Circular Economy RSS