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Moody's cuts EU and Italy GDP estimates in 2022 and 2023

2022-07-26T14:19:09.958Z


Moody's cut its Eurozone growth estimates from 2.5% to 2.2% in 2022 and from 2.3% to 0.9% in 2023, due to a downward revision of the GDP of the main European countries. (HANDLE)


(ANSA) - MILAN, JULY 26 - Moody's has cut its Eurozone growth estimates from 2.5% to 2.2% in 2022 and from 2.3% to 0.9% in 2023, due to a downward revision of the main European countries.


    The forecasts for Italy in 2022 drop from 2.3% to 2.2% and in 2023 from 1.7% to 0.8%.

Moody's explains the cut with a series of factors including gas supply disruptions and demand-side adjustments to cope with uncertainty about flows from Moscow, the brake on consumption of higher inflation, the lack of support from the ECB, shrinking global liquidity and weak external demand.

(HANDLE).


Source: ansa

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