Rating agency now expects prices to average US$85 per barrel this year
Russia, China drove surge in defaults last year
Fallout from China's pandemic policy sabotaged output
An end to restrictive monetary policy not yet clear, Moody's cautions
The decline reflected weak demand and decreasing energy prices
Unlike past episodes, strong recovery not likely to reignite world economy, Fitch says
Post-pandemic demand surge to give global GDP an assist too, Goldman Sachs says
Rebound from zero-Covid policy has been faster than expected, improving GDP prospects
China and the U.S. led the recovery
Troubled property sector poses growing threat to banks