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Moody's: Outlook for Asia-Pacific (APAC) sovereigns in 2020 is negative

The US-based rating agency, Moody’s Investor Service, is out with its latest assessment report of the Asia-Pacific region for 2020, with the key highlights found below.

Negative outlook for Asia-Pacific (APAC) sovereigns in 2020.

Slowing growth to be exacerbated in 2020 by US-China trade tensions, despite phase one trade deal.

Investment will be constrained, amplifying fiscal vulnerabilities, liquidity risks and demographic challenges for APAC sovereigns in 2020.

Forecasts GDP growth of 4.0% in 2019-21 on average across the APAC.

China’s credit expansion seen slower in Dec but hitting record in 2019 - Reuters poll

According to the median estimate in the Reuters survey of 31 economists, China’s credit expansion likely slowed last month but lending for all of 2019
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China seen complying with US trade war deal by allowing market forces to dictate Yuan – SCMP

The South China Moring Post (SCMP) carried an editorial opinion piece on Thursday, drawing attention to the fact that the People’s Bank of China (PBO
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