Moody’s lowers the global economy 2020 forecast by 0.5 percent due to COVID-19

The global economy is expected to shrink by 0.5% in 2020, as coronavirus, Moody’s, the US-based rating agency, had a negative impact late Wednesday. The agency’s previous forecast (November 2019) for this year was 2.6%, according to a press release. However, the financial services company expected the global economy to grow by 3.2% in 2021. […]