Posted by CNNMoney on Tuesday, October 11, 2018 02:31:25 The U.S. economy is slowing, and that could be a sign that the world’s second-largest economy could be close to a record, according to the latest Wall Street analysts’ estimates.
In their latest forecast for economic growth in 2020, Moody’s Investors Service said U.K. GDP could reach 1.5% of its output, which would be the largest annual growth rate in the world.
Germany would also be near its top-ever growth rate, and the U.A.E. would hit its highest level of economic activity in at least 50 years.
But the outlook for the U, Europe and Japan is also worrisome, according for Moody’s, as they are among the worst performers in the U., Europe and the rest of the world, among other countries.
The world economy is expected to contract 1.2% in 2020 and 1.7% in 2021, down from an estimated 2.2%, the agency said.
But Moody’s predicts the U to recover slightly faster, rising to 2.9% in 2022.
That would be its fastest annual growth in the past decade.
That pace of growth would make it the world leader in the coming decade.
Moody’s also said China, which the agency blamed for its rapid economic slowdown, would see its growth rate jump to 3.2%.
The U’s economy is the second-worst performer in the G-7 group of major industrialized nations, behind only the U.
“The U. S. economy grew at a 3.5 percent annual rate last year, while the rest, excluding Japan, saw growth rates of less than 1.8 percent, according data compiled by Bloomberg.
But in the year ending in September, the U was one of the strongest performers in its advanced economies, outperforming the European Union by 1.9%.
The agency said U-S. “
The U is now projected to grow 3.4% in 2019, according Moody’s,” Bloomberg said in a report.
The agency said U-S.
GDP would shrink 2.4 percent in 2020 as a result of the impact of the hurricane season.
The U has a strong manufacturing sector and a growing technology sector, but the unemployment rate will remain high.
The country is also still recovering from the financial crisis and is trying to boost exports and the economy, which has shrunk in recent years.
In 2021, the world economy will be worth $8.4 trillion, according the IMF, but that figure would be $9.2 trillion if the forecasts are correct.
The outlook for growth is expected at 3.3%, the same as last year.
The World Bank has a similar outlook for 2020, at 3%.