Moody’s: US-China phase one trade deal will not resolve core differences
The US-based rating agency, Moody’s Investors Service, in its latest report, offers downbeat remarks on the US-China phase one trade deal as well as on the Asia-Pacific corporate sector.
“Outlook for APAC corporates remains negative in 2020 amid slowing global growth and trade policy uncertainty.
While positive, the US-China trade agreement will not resolve core differences, dampening business sentiment globally.
Global economic growth will remain lacklustre, with growth in the US and China decelerating to 1.7% and 5.8% respectively in 2020.
Major central banks, including US Fed ECB, & BOJ will maintain accommodative monetary policies.”