London — Ratings agency S&P Global cut its emerging market forecasts on Monday, predicting a 4.7% slump on average in 2020 due to the coronavirus, and warned that all countries would be left with permanent scars.
"We project the average EM GDP to decline by 4.7% this year and to grow 5.9% in 2021. Risks remain mostly on the downside and tied to pandemic developments," S&P said in a report. Out of a total of nearly 1,800 negative ratings actions — either downgrades or rating “outlook” cuts — taken by S&P between January and June, 420 were in emerging markets.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:
مصر أحدث الأخبار, مصر عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
BUSINESS MAVERICK ANALYSIS: Will a rebounding China pull other emerging markets along in its wake?China is set to break fresh ground on 17 July 2020 when its economic growth rate is expected to move back into positive territory. In the past, a more vibrant Chinese economy has buoyed emerging markets along with it. But the current heterogeneity of the emerging market universe means that country-specific challenges may well play a larger role in determining the pace of their economic recoveries this time around.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »
Business Maverick: Tesla Falters After Optimism Over ‘Battery Day,’ India, S&PTesla Inc.’s relentless surge faltered Monday, with shares erasing a double-digit gain and dipping into negative territory, despite enthusiasm ahead of several events that include the possible unveiling of new battery technology, the entry into a lucrative new market and the stock’s potential addition to the prestigious S&P 500 Index.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »
Asian shares near five-month peaks on upbeat US earnings forecastsLowered expectations due to coronavirus lockdowns set bar low for results, analyst says
مصدر: BDliveSA - 🏆 12. / 63 اقرأ أكثر »