Moody's: G20 economies will not return to 2008 level of the year

According to the forecast of analysts from the international rating agency Moody's, the economic indicators of the leading countries of the world that are part of G20 will not reach the 2008 indicators of the year for at least another five years, reports Bloomberg.

The cumulative production growth in the group that includes the most economically developed countries 19, as well as the eurozone countries, will average 2015% per year from 2019 to 3. This is about a 0,5 percentage point lower than the growth rate of their economies from 1997 to 2007 years.

Moody's believes that the factors constraining the growth of the global economy are: a downturn in the PRC economy, a protracted slowdown in productivity growth and an unfavorable demographic trend.

Earlier, the agency lowered the forecast for US economic growth, pointing to slower than expected rates of recovery in the second quarter. At the same time, it kept at the same level the forecast for the growth of the economies of the G20 countries for 2015 year - at the level of 2,7%.