China slowdown
Lower-than-expected growth in China would pose a danger for the world economy, Moody's said in its report on Wednesday. It forecasts the world's second-largest economy will grow by 6.3 percent in 2016, down from just under 7 percent in 2015 and a peak of 14.2 percent in 2007.
As a massive consumer of commodities, China's slowdown has already contributed to the slump in energy and metal prices. This has undermined growth in commodity-producing countries, leaving them more susceptible to further financial or economic shocks — such as disappointing China growth — Moody's warned.