Социально-экономическое положение в странах G20: прогнозы ухудшаются (Social and Economic Situation in G20 Countries: Outlooks are Getting Worse)

Abstract

Global economic growth rates keep slowing down with economic outlooks getting worse. In August, Moody’s lowered projections of G20’s growth rates to 2.5% in 2022. By Moody’s estimates, the Eurozone will be facing recession in 2023. The factors affecting the economic situation include an energy price shock, tightening of the monetary policy in developed countries, as well as a slowdown of China’s growth rates. In August, nine out of 15 central banks of G20 countries which target inflation held meetings on the monetary policy; the monetary regulators in the UK, South Korea, Brazil, Indonesia, Mexico, Australia and India raised interest rates, while Turkey and China cut them.

Keywords: world economy, growth rates, forecast, monetary policy, Moody’s Agency

JEL Classification: C53, C54, E52, E58