LONDON - Rating agency Moody's cut its global sovereign outlook for 2020 to"negative" from"stable" on Monday , saying disruptive and unpredictable world politics would slow growth and increase the risk of economic or financial shocks.
The increasingly antagonistic environment was also likely to damage global and national institutions, which together with lower growth, raises the probability of crises but reduces the capacity to deal with them. While the starkest example remains the US-China trade spat, tensions that diminish growth have also risen in the Gulf, between Japan and Korea, India and Pakistan, the US and the EU, and the EU and Britain.
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