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Most economies won't return to pre-Covid activity levels by 2022: Moody's

Moody s Investors Service on Thursday said the credit downturn arising out of COVID-19 will be short-lived but most economies will not return to pre-pandemic activity levels until 2022.
In the year since the World Health Organisation (WHO) declared COVID-19 a pandemic on March 11, 2020, the virus has disrupted the global economy and triggered a credit downturn accompanied by a spike in bond defaults.
The credit challenges arising from COVID-19 have been substantial, but the credit downturn likely will be relatively short-lived. Risks remain more significant for the sectors most vulnerable to restrictions on their normal activities, Moody s said in a global report in coronavirus. ....

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Moody's: Global economies to remain uneven this year due to Covid-19 impact | Money

Wednesday, 24 Feb 2021 01:43 PM MYT
Moody’s says global economic activity is likely to remain unbalanced this year due to the Covid-19 pandemic and its various impact which casted a shadow over health systems and economies. Reuters pic
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KUALA LUMPUR, Feb 24 ― Global economic activity is likely to remain unbalanced this year due to the Covid-19 pandemic and its various impact which casted a shadow over health systems and economies, said Moody s Investors Service (Moody’s).
In its Global Macro Outlook 2021-2022 (February 2021 Update), it expected real gross domestic product (GDP) in all G-20 countries to grow compared with last year, but noted that some countries would take longer than others to return to full capacity. ....

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U.S. Works With Partners To Protect Global Supply Chains

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U.S. Works With Partners To Protect Global Supply Chains
Supply chains are the threads that tie the global economy together.

The United States is working with partners to ensure global supply chains stay flexible and resilient and are not overly dependent on any one source of manufacturing or production.
Supply chains are the threads that tie the global economy together. Supply chains carry parts to factories around the world and products to stores and homes. ....

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U.S. and partners support global COVID-19 economic recovery

The United States is leading international efforts to help low-income countries focus resources on recovering from the COVID-19 pandemic.
Countries worldwide have faced increasing health care costs and falling revenues in 2020.
So the United States, in partnership with the World Bank and the International Monetary Fund, led other large economies in a global initiative to allow up to 73 eligible developing countries to suspend over $5 billion in debt payments and to instead focus the resources on responding to and recovering from the COVID-19 pandemic.
Under the Paris Club-G20 Debt Service Suspension Initiative (DSSI), started in May, “Governments will be able to redirect the funds to COVID-19-related health and social needs,” Warren Wilson, a financial economist in the U.S. Department of State’s Office of Monetary Affairs, said in an August issue of ....

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