Reuters reporting on Moody's comments on the global economy:
- Protracted fall in oil and China slowdown mean weaker global growth, not recession
- Protracted decline in oil prices and weaker growth in China have prompted a reappraisal of global economic growth prospects
- Market volatility has recently spread beyond the energy and commodity sectors, leading to a broad decline in global equity prices
- Still expects growth in G-20 advanced countries' to be broadly stable at 1.8 percent for 2016 and 2.0 percent for 2017
- Positive effects of lower commodity prices to large extent will mitigate negative factors, such as weaker consumer, business confidence levels
The full text of the Moody's announcement is here, but those headlines pretty much sum it up. But, more detail at that link.
