{"id":31209,"date":"2020-07-10T21:17:42","date_gmt":"2020-07-10T17:17:42","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=31209"},"modified":"2020-07-10T21:42:04","modified_gmt":"2020-07-10T17:42:04","slug":"moodys-british-economy-to-contract-by-10","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/moodys-british-economy-to-contract-by-10\/07\/10\/market-updates\/","title":{"rendered":"Moody\u2019s: British Economy to Contract by 10%"},"content":{"rendered":"\n<p>Moody\u2019s Investors Services expects the British economy to contract by 10.1% in 2020, despite the UK government\u2019s recently announced GBP 30 billion stimulus package.<\/p>\n\n\n\n<p>In addition, the rating agency forecasts the public debt-to-GDP ratio to increase by 24% or more.<\/p>\n\n\n\n<p>Moody\u2019s also foresees a gradual recovery with an expected growth rate of 7.1% in 2021.<\/p>\n\n\n\n<p>\u201cOur forecast estimates a sharper peak-to-trough contraction for the UK than for any other G20 economy, taking account of our view that lingering uncertainty around Brexit will hold back the recovery in the second half of the year,\u201d the rating agency highlighted.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Moody\u2019s Investors Services expects the British economy to contract by 10.1% in 2020, despite the UK government\u2019s recently announced GBP 30 billion stimulus package. In addition, the rating agency forecasts the public debt-to-GDP ratio to increase by 24% or more. Moody\u2019s also foresees a gradual recovery with an expected growth rate of 7.1% in 2021. &hellip;<\/p>\n","protected":false},"author":10,"featured_media":31162,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6835],"class_list":["post-31209","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-uk"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=31209"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31209\/revisions"}],"predecessor-version":[{"id":31211,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31209\/revisions\/31211"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31162"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=31209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=31209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=31209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}