Subscribe

0

  • Sign in with Email

By clicking the button, I accept the Terms of Use of the service and its Privacy Policy, as well as consent to the processing of personal data.

Don’t have an account? Signup

  • Bookmarks
  • My Profile
  • Log Out
  • NEWS
  • POLICIES
  • MSME OPPORTUNITIES
  • BANKING & FINANCE
  • TECHNOLOGY FOR SMES
  • SECTORS
  • GLOBAL
  • Investment
  • LEGAL
  • KNOWLEDGE QUEST
  • Future Ready Forum 2025
  • Ek Nayi Udaan
  • Future Ready Summit 2024
  • ADVERTISE WITH US
ad_close_btn
  • News
  • Policies
  • Banking & Finance
  • MSME Opportunities
  • Web Stories
  • InFocus
  • Technology For SMEs
  • Sectors
  • Global
  • Fashion

Powered by :

You have successfully subscribed the newsletter.
Finance Global

New COVID Variants Creating Challenge in Global Economic Recovery: Moody's

As central banks across the globe tighten monetary policy more aggressively through interest rate hikes in order to curb the rising inflation, financial conditions have now become less favorable.

author-image
SMEStreet Edit Desk
16 Jul 2022 08:07 IST

Follow Us

New Update
Moody's, Airline Sector, Civil Aviation

Though the overall virus-related concerns have eased with COVID infections becoming less deadly, a spike in new infections across G-20 economies is, however, a reminder that the emergence of newer and more dangerous variants remains a risk to the global economic outlook, said global research and rating agency Moody's in a report 'Economic Pulse Check: Alternative Data Monitor'.

As central banks across the globe tighten monetary policy more aggressively through interest rate hikes in order to curb the rising inflation, financial conditions have now become less favorable.

"Higher borrowing costs are adding to pressures on households and firms, increasing risks to aggregate demand," it said in the report.

Economic activity has slowed further, as inflation and tightening credit conditions weaken consumer and business sentiment, thereby denting purchasing power.

The silver lining, according to the report, is that disruptions in the shipping sector and shortages of key inputs are slowly beginning to resolve, and food prices are decreasing, which in a way is easing supply-side inflationary pressures.

Moody's economic Recovery COVID
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news
logo

Related Articles
Read the Next Article
Latest Stories
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news

Latest Stories
Latest Stories
    Powered by


    Subscribe to our Newsletter!




    Powered by
    Select Language
    English

    Share this article

    If you liked this article share it with your friends.
    they will thank you later

    Facebook
    Twitter
    Whatsapp

    Copied!