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Eurozone: Moody's outlook on sovereign ratings is negative

1/16/2023, 3:10:07 PM


Mood's outlook on sovereign ratings for the Eurozone is negative. This can be read in a note in which it is underlined that "the energy crisis, rising interest rates and the slowdown in global growth will lead to a slight recession". (HANDLE)

(ANSA) - MILAN, JAN 16 - The outlook on Mood's sovereign ratings for the Eurozone is negative.

This can be read in a note in which it is underlined that "the energy crisis, rising interest rates and the slowdown in global growth will lead to a slight recession".

"The support measures at national and EU level to mitigate the effects on the global supply chain - continue Moody's analysts - will mitigate some of these factors, but 60% of Eurozone countries will be in recession in 2023" and "Germany's GDP, Italy and Slovakia will fall below the prfe-pandemic levels" according to Heiko Peters of Moody's.

(HANDLE).


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