Moody’s: there will be no global recession, but the escalation of trade wars is a big risk

The global economy is not expected to sink into recession in the next two years, but the biggest global growth risk remains the escalation of trade wars – according to teh Global Macro Outlook of Moody’s.

The international credit rating’s 30-page forecast predicts economic growth of an average of 2.6 percent in the twenty largest developed and emerging economies (G20s), generating 80 percent of global gross domestic product (GDP). (Kertész Róbert, MTI)