Policy Challenges
The continuation of fiscal support will be in focus as some governments will have more limited capacity to provide further relief, while monetary policy will remain highly accommodative. Geopolitical and trade tensions will remain in the spotlight.
  • 概要
  • レポート

  • SECTOR IN-DEPTH
    09 Sep 2021|Moody's Investors Service
    There are significant differences in net-zero approaches across China, the EU and the US. Each region comes from a very different starting point, driven by its economic structures, level of development and policy choices.

    SECTOR COMMENT
    11 Aug 2021|Moody's Investors Service
    The $1 trillion infrastructure package that the US Senate passed on 10 August, if signed into law, would be credit positive for state and local governments, electric utilities and power companies, and for a range of companies in other infrastructure-related sectors. The bill's increased spending would support the post-COVID-19 economic expansion and modestly boost long-term growth prospects, with limited effects on the sovereign's fiscal dynamics. 

    SECTOR IN-DEPTH
    02 Aug 2021|Moody's Investors Service
    China's semiconductor industry development plan will bring credit benefits for the sovereign if it leads to development of more advanced products and mitigates strategic vulnerabilities. But over-investment in certain types of semiconductors could lead to resource misallocation, resulting in higher credit risks for smaller and private domestic producers.

    SECTOR COMMENT
    16 Jul 2021|Moody's Investors Service
    An executive order on competitiveness may result in higher regulatory risks for some targeted sectors. Credit impact of an infrastructure bill will depend on its size and offsets.

    SECTOR IN-DEPTH
    30 Jun 2021|Moody's Investors Service
    The expiration of COVID-19 policy support measures globally will likely have limited credit effects, as long as financial conditions remain supportive. But the role of policy support in emerging markets will be important for longer than in advanced economies, as their pace of COVID-19 vaccination lags.