The Limited Times

Eurozone: Moody's outlook on sovereign ratings is negative

1/16/2023, 3:22:07 PM


60% of Eurozone countries will be in recession in 2023. This is stated 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)

Mood's sovereign ratings outlook 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".



"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 " the GDP of Germany, Italy and Slovakia will fall below pre-pandemic levels" according to Heiko Peters of Moody's.

Goldman Sachs, Italy growth +0.5% in 2023, world +2.8%

Italy will grow by 0.5% in 2023 with an unchanged average consensus of analysts.

This was stated by Goldman Sachs where they forecast global growth of 2.8%, higher than the average 2.6% expected by analysts, "if inflation continues to decelerate".

For the USA, Goldman Sachs expects growth of 1.4% against the 0.3% of the average consensus, while growth in the Eurozone will be 0.6% against the -0.1% of the consensus.

China and India will grow by 5.2 and 5.9% respectively against the 4.8 and 5.7% expected on average.

In the Eurozone, Germany will grow by 0.1% against -0.6% expected, France by 0.7 against 0.2% and Spain by 1.3% against 1%.

The United Kingdom fell by 0.5%, against the -0.9% expected by the average consensus of analysts.


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