G-20 Growth Won’t Hit Pre-Crisis Pace Anytime Soon, Moody’s Says

Don’t expect global economic growth to reach the level it attained before the financial crisis anytime soon, Moody’s Investors Service said.

Expansion in the Group of 20 economies won’t return to its pre-2008 rate within the next five years, the credit-rating company said Tuesday in an update to its global outlook. Combined output growth in the group, which includes 19 nations and the euro area, will average 3 percent per year from 2015 to 2019, about half a percentage point lower than in the decade through 2007.