With the Corona Pandemic, What is the Economic Projection for G20 Countries?

Economics & Macro

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Dwi Hadya Jayani 10/03/2020 17:40 WIB

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The G20 economies have been curtailed due to the spread of the coronavirus.

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With the Corona Pandemic, What is the Economic Projection for G20 Countries?

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G-20 Economic Outlook

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Moody's rating agency has lowered its growth projections for G20 economies. The projected growth for advanced G20 economies is now only 1%, down from the previous projection of 1.3%.

The same is true for developing economies, with growth revised down from 4.2% to 3.8%. Indonesia's economy is projected to grow by only 4.8%.

Moody's downward revision of G20 economic growth is due to a global recession resulting from the spread of the coronavirus (COVID-19). This pandemic will affect economic activity and disrupt global demand.

Editor : Safrezi Fitra

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."