(ANSA) - MILAN, 04 DEC - S&P Global cuts global growth prospects in 2021 from 5.3% to 5% after the second wave of coronavirus will determine "a weaker start" in the new year. The eurozone GDP estimates are weighing on the revision above all, whose growth was reduced, compared to October, from 6.1 to 4.8%, while forecasts for China (from 6.9% to 7%) and the USA slightly increased. (from 3.9% to 4.2%).
"With the strength of the economic recovery fading as Covid cases have surged, we expect a weaker start to 2021, although our 2022-23 GDP forecast is essentially unchanged," says S&P (ANSA).