Moody's predicts global economic growth to slow in coming years
Ratings agency Moody's predicts global economic growth to slow in 2019 and 2020 to a little under 2.9%, from an estimated 3.3% in 2018 and 2017.
Growth in advanced economies will slow but remain solid in 2019, while G20 emerging markets growth will remain weak, according to the agency.
The slowdown in global trade will hurt not only on growth in the US and China but also in open economies such as Japan, Korea, Germany, Reuters reported.
Expects trade and geopolitical frictions between the US and China, that will likely persist for some time, will weigh on global trade growth and will reshape trade flows and supply chains.