As part of a wholesale cut in its forecasts, Moody's said that advanced economies including the United States, Japan, Germany, Italy, France, Britain and Korea could all fall into recession in an "adverse scenario".
China?s GDP growth would fall below 4% even with substantive economic stimulus it added, while South Africa, to which Moody's is important because it provides the country's only remaining investment grade rating, would also struggle to grow.
(Reporting by Marc Jones, edited by Julien Ponthus)
Stocks treated in this article : Dow Jones Africa Titans 50 Index, S&P Africa 40 Index, DOW JONES SOUTH AFRICA(ZAR)
