Moody’s turns sour on Germany, other nations
On Monday, Moody’s announced it rated German credit rating as “negative,” another unwelcome reminder of the state of global finances.
The increasing likelihood that Greece may leave the euro currency and“increasing likelihood” of collective support for European countries were among reasons for the change.
The impact of a changing global economy was reflected in the earnings report issued by McDonald’s on Monday. The fast-food giant reported its earnings fell by 4.5 percent as a result of higher food and labor costs, as well as the need to increase investment in advertising around the globe.
The continuous flow of sour economic data has some analysts asserting that a second recession is around the corner, while others contend that the slow growth trend will reverse course over the long-term.