Global environment more fragile amid record high inflation, decelerating growth: Moody’s Analytics
Negative supply shock from Russia’s invasion of Ukraine remains the dominant risk to global growth this year. Escalating geopolitical tensions in Taiwan, China lockdowns, rising borrowing costs, and threat of energy shortages in Europe highlight the fragility of the global economy
BENGALURU: Moody’s Analytics on Monday lowered its global economic growth forecast to 2.7% for 2022 from 4.2% forecast in January, citing rising stagflation risks worldwide. It said the global environment has become more fragile as record-high inflation continues to gain momentum and growth decelerates.