Return of Markets to Pre-Pandemic Level Will Take Until 2022
In the statement made by the international credit agency Moody's, it was stated that 73% of 107 developing countries that were evaluated by the agency remained below the "investment grade" level, and 31.8% of them had a "negative" credit outlook.
In the statement, it was pointed out that there are no countries that have a negative outlook or are under negative monitoring among the developed economies that were evaluated by the credit rating agency, and it was noted that one of the economies rated with a "B" has the highest share with 37% among developing economies and that 68 countries had a "stable", 34 countries had a "negative", and 4 countries had a "positive" credit outlook.
The real GDP of G20 countries have shrunk by 6%, excluding Turkey
Sharing her views in the statement, Moody's Director Atsi Sheth said, "In 2020, the real GDP of the G20 countries have decreased by approximately 6 percent on average, excluding China and Turkey. Production output has been recovering in emerging markets this year. However, it will take until 2022 for many emerging markets to return to their pre-pandemic levels.