Moody`s downgraded the outlook for the ratings of Italy, Slovakia and the Czech Republic

The international rating agency Moody`s changed the outlook for the rating of the economy of Italy, Slovakia and the Czech Republic from “stable” to “negative”. The long-term issuer ratings of the three countries in foreign and national currencies were confirmed at the previous levels – Baa3, A2 and Aa3, respectively. The agency attributed the deterioration … Read more

One seventh of the global recession // The IMF again worsened the forecast for global GDP growth

Global GDP growth in 2022, amid the continued effects of the pandemic and the continuation of the crisis in Ukraine, will slow to 3.2%, according to the new International Monetary Fund (IMF) World Economic Outlook, which is now 0.4 percentage points lower than the April forecast. The implementation of the negative scenario, which includes a … Read more

Entrepreneurs and youth fell into consumer pessimism // Poll Monitoring

Consumer sentiment and expectations in Russia are at their highest since May 2018, the Central Bank said yesterday. Savings moods worsened somewhat (in July, more than 70% of respondents polled by order of the Central Bank could not put anything aside). At the same time, the share of the population that prefers to buy expensive … Read more

2023 is not the same as before // EC revised the macro forecast for the eurozone and the European Union

The European Commission (EC) on Thursday, July 14, again worsened the macroeconomic forecast for the countries of the European Union and the euro area. The main revision concerned the growth rates of economies in 2023: they are now expected to be almost one percentage point lower. Inflation expectations have been adjusted upwards – the peak … Read more

The Bundesbank halved its forecast for German GDP growth for the year

Today, June 10, the Bundesbank published an updated forecast for the year: it has worsened its forecast for German GDP, in addition, it now expects more significant annual inflation. According to the new forecast, GDP in 2022 will grow by only 1.9% against 4.2%, which the bank predicted in December last year. The Bundesbank also … Read more

The World Bank downgraded Russia’s GDP forecast // Infographics

Russia’s GDP will contract by 8.9% in 2022 and by 2% in 2023. Growth of 2.2% is expected in 2024. Such a forecast is contained in the World Bank’s World Economic Outlook report published on June 7. In their January forecast, the bank’s analysts expected the Russian economy to grow by 2.4% in 2022 and … Read more

S&P downgrades forecast for GDP growth for the world’s largest economies due to Russia’s military operation

The S&P rating agency downgraded its forecast for GDP growth for a number of the world’s largest countries for the next two years due to the economic consequences of Russia’s military operation in Ukraine. Only the Asia-Pacific region, including China, will begin to grow in 2023, the agency said. higher energy and commodity prices, a … Read more