Business US-China trade tensions weigh on macroeconomic outlook, could deter growth, says Moody's Updated : August 23, 2018 10:11 AM IST Many major emerging market countries have experienced a decline in economic activity owing to elevated oil prices, mounting trade tensions. For most G-20 economies, growth prospects remain solid and the near-term global outlook for many advanced economies is broadly resilient. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.