Daily Stocks Market Update -Global Headwinds Not Threat Of Recession: Moody's Investors Service ( Hot Stock Tips )

The prolonged decline in oil prices and weaker expansion in the Chinese economy have dimmed growth prospects of several economies, but it does not signal a threat of global recession, Moody's Investors Service said.
"Risks to global growth have increased, but despite the recent market volatility, we don't believe that the world's advanced economies will enter a recession," said Moody's Senior Vice-President Elena Duggar.

According to the rating agency, the continuous decline in crude oil prices and sluggish growth in China have prompted a reappraisal of global economic growth prospects, causing risk aversion to rise and financial market conditions to tighten.
"While the current environment will curb growth in specific regions, it does not presage a global

recession," Moody's said in a statement.

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