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S cuts EU GDP estimates in 2023 to 0.3%, Italy -0.1%

2022-09-26T13:04:50.925Z


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 ... (ANSA)


(ANSA) - MILAN, SEPTEMBER 26 - For S&P Global "a sharp slowdown in eurozone growth is imminent", with "two more quarters of weak or even declining activity", due to "an unprecedented deterioration in trading conditions" which "it pushed inflation to record highs and confidence to record lows."

The rating agency cut the growth forecast of the Eurozone in 2023 from 1.9% to 0.3%, but revised upwards from 2.6% to 3.1% those for this year.

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%.

(HANDLE).


Source: ansa

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