G20 economies could grow 4.4% in 2016

G20 economies could grow 4.4% in 2016

19/08/2016 “source” El Financiero “

The agency Moody’s Investors Service provides that the developing economies of the G20 will grow 4.4% this year and 5% next year.

Analysts of the credit rating agency that revised their forecasts for the world’s biggest emerging markets in 2016 and 2017 announced that they expect the expansion of emerging markets will stabilize in general terms. The estimations have improved growth prospects for some countries, but have been reduced to others.

Moody’s review the rise in their macro forecasts for Brazil, Russia and China. Turkey and South Africa expansion will be less than previously estimated.

The agency expects Brazil to grow again in 2017, after the contraction of 3.8% suffered in 2015, and up to 4% expected this year.

The Russian economy fell 3.7% in 2015 and is expected to fall again this year, but may expand up to 2% in 2017 thanks to a rise in oil prices and to industrial production, expressed the report.

China’s GDP forecast was, in turn, increased to 6.6% in 2016 and 6.3% in 2017.

“We are seeing a degree of stabilization. Capital flows seem to be back with some force to various regions.” “The financial market volatility has declined compared to previous periods of the year, and in the case of emerging markets in general we are seeing some improvement,” said Madhavi Bokil, vice president and senior analyst at Moody’s, and one of the report’s authors.