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Outlook for global credit conditions in 2022 is Negative: Moody

Published on July 01, 2022
Current Context: Credit rating agency Moody’s Investors Service reported that the outlook for global credit conditions this year has turned more negative.
Outlook for global credit conditions in 2022 is Negative
  • The main reasons behind it were slower global growth, rising borrowing costs, surging prices for energy and commodities, and increased financial market volatility.
  • It is believed that the increase in energy and food costs happened due to the invasion of Ukraine.
  • Apart from that, it has weakened the purchasing power of households, rising input costs for companies.
  • Besides, borrowing costs of many countries govt increased among which many countries' economies still have not fully recovered from the pandemic crisis.
  • To tackle it, Central banks start to raise interest rates in response to high inflation.

Question:

Q.1 As per Credit rating agency Moody's Investors Service, the outlook for global credit conditions in 2022 has turned as _________?
a. Positive
b. Negative
c. Stable
d. Undetermined
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