For S&P Global "a sharp slowdown in eurozone growth is imminent", with "two or three quarters of weak or even declining activity", due to "an unprecedented deterioration in trading conditions" which "pushed the inflation at record levels and confidence at historic lows ".
The rating agency cut the growth forecast for the Eurozone in 2023 from 1.9% to 0.3%, while revising those for this year upwards from 2.6% to 3.1%.
As for Italy, 2022 GDP is revised to 3.4%, from 3.1% of the previous forecast, while in 2023 it is cut from + 2.1% to -0.1%.
