Moody’s Investors Service expects G20 GDP growth to accelerate 3 percent for this year and next. However, the agency warns of geopolitical risks, the consequences of U.S. protectionism and China's measures to reduce public debt.
Moody's raised its forecast for Germany to 2.2% and 2% in 2017 and 2018, respectively, and for France to 1.6%. The rating agency's forecast for the U.S, however, was cut to 2.2 percent in 2017 and 2.3 percent in 2018 from a previous 2.4 percent and 2.5 percent, respectively.
The agency noted risks associated with the situation in the Korean peninsula, the South China Sea and the Middle East.