12.08.2014 - Moody's downgraded the outlook for global GDP growth in 2014
International rating agency Moody's Investors Service published a statement according to which the rate of global GDP growth this year will be 2.8%, which is lower than previous estimates. Despite this, in 2015 the growth rate will rise to 3.2%. The main drivers of growth will be the United States economy which will increase by 2% in 2014 and by 3% in 2015 and the Eurozone by 1% and 1.5%, respectively.
The emerging markets will be negatively affected by the slowdown in exports. At the same time, developed countries, according to the agency's analysts, will accelerate the growth due to increased investments of companies. Among the risk still remains low inflation in the euro area, the weak housing market in China and geopolitical tensions, especially the Ukrainian crisis.
We expect further correction on global stock markets in the near future, after which growth probably will resume.