Moody’s cuts India’s GDP growth outlook for this year to 2.5%2 min read . Updated: 27 Mar 2020, 10:58 PM IST
- The agency said the G-20 economies will experience an unprecedented shock in the first half of this year
- Moody’s also slashed growth forecast for China to 3.3% in 2020, followed by 6.0% growth in 2021
Moody’s Investors Service on Friday slashed India’s economic growth projection for 2020 from 5.3% to 2.5%, as the Covid-19 outbreak causes an unprecedented shock to the global economy.
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