August 30, 2017 / 12:23 PM / a year ago

BRIEF-Moody's says strong growth led by G20 economies will propel global expansion, U.S. GDP revised downward

Aug 30 (Reuters) - Moody’s:

* Moody’s, in global macro report, says strong growth led by G20 economies will propel global expansion, U.S. GDP revised downward

* Moody’s says global economic expansion should continue into the rest of 2017 and 2018, led by strong growth in advanced economies

* Moody’s says global macroeconomic outlook includes downward revision to growth forecast for U.S., on account of weaker performance, modified fiscal assumptions

* Moody’s says “G20 economies will collectively grow at an annual rate of slightly more than 3 percent in 2017 and 2018, higher than last year’s 2.6 percent”

* Moody’s-Surprisingly strong data have prompted upward revisions to 2017 growth forecasts for China, France, Germany, Italy, Japan, Korea, Mexico, Turkey

* Moody’s says lowered growth projections for India, Saudi Arabia, South Africa and the United States

* Moody’s says monetary policy in the U.S. should continue to tighten this year and next

* Moody’s says current pace of growth around 2% in advanced economies, over 5% in emerging markets is sustainable in near term, and there is potential for upside

* Moody’s says Moody’s expects U.S. growth of 2.2 percent in 2017 and 2.3 percent in 2018, down from 2.4 percent and 2.5 percent, respectively

* Moody's says expects monetary policy in the Euro Area to become less supportive in 2018, provided that the current growth momentum remains intact Source text (

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