Moody's predicted a bigger decline in car sales in the world

The reduction in the volume of sales of cars in the world as a whole could be 20% this year, according to the forecast of the international rating agency Moody s. It is noted that the largest decline will occur in the market of EU countries by 30%, and in the USA by 21%. To a lesser extent, the figure will decrease in China, where it is expected to decrease by 10%. Global growth in car sales 2021 year is likely to recover on the 11.5%, albeit from a reduced base, said Falk Frey, the agency's senior vice president. According to him, the forecast of growth is made on the basis of expectations about GDP growth of the G-20 countries (G20) by 4.8% next year. Earlier, Moody s predicted that a global downturn in the market would lead to a 14% reduction in car sales.