Slowing global economy weakening credit conditions: Moody’s

By Staff | January 29, 2019 | Last updated on January 29, 2019
1 min read
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Global credit conditions are deteriorating and risks are on the rise in 2019 as the global economy slows, funding costs rise and liquidity tightens, New York-based rating agency Moody’s Investors Service said Tuesday.

“Furthermore, trade, political and geopolitical risks will escalate, as the U.S.-China relationship becomes tenser and as slower growth propels longer-running globalization and inequality debates into the political arena,” says Michael Taylor, managing director and chief credit officer at Moody’s, in a statement.

“Of all the risk factors, U.S. trade policy is the most potent, far-reaching source of global risk, and will have significant sector and regional impacts,” Taylor adds. “Global GDP growth will remain solid, but China’s slowdown is likely to be more pronounced.”

Advisor.ca staff

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.