Global economic growth will continue to slow in 2023: Moody’s
Moody's Investors Service expects global growth to continue to slow in 2023 over a cumulative monetary policy tightening by various central banks.
Moody's Investors Service expects global growth to continue to slow in 2023 over a cumulative monetary policy tightening by various central banks.
A combination of weak growth in advanced economies, persistent inflationary pressures, the Russia-Ukraine conflict, tight financial conditions, and a subdued growth outlook for China will create a difficult environment for emerging markets (EM) in 2023, said Moody's Investors Service.
"India will likely be a growing destination market for goods from fellow Quad countries, while the US and Japan will continue to be major sources of foreign direct investment in India's services, telecommunications and software sectors," said Moody's Investor Service.
Moody's Investors Services downgraded India's sovereign ratings as it sees challenges piled up on the country's policy-making institutions to mitigate the risks of a sustained period of relatively low growth.
