World economy suffers low growth amid continuing China woes 세계곳곳 마이너스 성장， 신용등급

The world economy is suffering from the effects of the slowdown in China. Tumbling raw material prices and global trade volume has caused a number of leading economies to contract over the past several months. And Korea is not immune，... as our Han Da－eun reports. Is the world economy facing yet another economic recession？ According to Bloomberg and other major global market indices，... six nations， including Brazil， Canada， Japan and Russia，... posted minus growth during the first and second quarter of this year. By region，... the growth rate in Central and South America posted minus zero－point－one percent and minus one－point－one percent in the first and second quarter， respectively. Eastern Europe posted growth of minus zero－point－five percent in the second quarter. The EMEA， namely Europe， the Middle East and African region，... showed minus zero－point－two percent growth. Last month，... Moody′s cut its 2015 growth forecast of G20 economies... from three－point－one to two－point－eight percent... while the International Monetary Fund has lowered its global growth forecast from three－point－five percent to three－point－three percent. The sluggish growth mainly stems from the contraction of global exports on the back of China′s economic slowdown. It′s so bad that the export volume of 67 major economies has plunged to the lowest level since the global financial crisis in 2008. And this is worrying news for Korea... as the exports remain the country′s strongest growth engine. Experts warn Korea′s financial markets could also tumble due to capital outflow. Sluggish global growth is leading to widespread credit rating downgrades as well. Standard and Poor′s has downgraded Brazil to ′junk′ status，... while Moody′s cut Russia′s rating to Ba1， a level considered ′junk′， earlier this year. Fitch Ratings downgraded Japan′s credit rating one notch from A to A in April. The ratings for major resource exporters in Africa， including Ghana， Angola， and Congo，... have also been cut. Han Da－eun， Arirang News.