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Leading world economies to struggle with weak growth till 2014: Moody's

Published on Nov 12, 2012 5:53 PM
 
Leading world economies will struggle with weak growth until 2014 at least, mainly because of strains in the European and US economies, credit agency Moody's warned on Monday, cutting its outlook for next year. -- PHOTO: REUTERS

PARIS (AFP) - Leading world economies will struggle with weak growth until 2014 at least, mainly because of strains in the European and US economies, credit agency Moody's warned on Monday, cutting its outlook for next year.

But growth in emerging economies is also likely to slow down, Moody's said in an update on global risks.

And this outlook could be threatened, possibly severely, if one or more of the downside risks such as unexpectedly deep recession in the euro zone, tough US budget action, or threats to oil supplies materialise.

Another threat to the outlook was "the potential for a hard landing in major emerging markets, including China, India and Brazil," Moody's said.

 
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