November 11, 2019 10:49 PM
Moody’s, which has already slapped downgrade warnings on Britain, South Africa, India, Mexico, Turkey and Hong Kong, said there were three main drivers behind the move. “In an unpredictable environment, growth and credit risks are tilted to the downside,” Moody’s said in a report on the 142 countries it rates and their US$63.2 trillion of sovereign debt.
The first-order effect of these strains – for example, the impact of tariff increases on trade volumes – is not always severe, but the knock-on impact on investment and capital flows is likely to damage both near- and medium-term growth prospects across all regions.
Deutsche Bank Collapse is Imminent - You still have time to Prepare !!
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