Moody’s reports that it has revised its growth forecasts for the G20 countries downwards, revising its inflation expectations upwards. In a report, the agency says the global recovery has received a shock, but it continues to occur.
The biggest review was made for Russia’s economy, given the country’s war in Ukraine and the resulting sanctions, a situation that also affects the euro zone.
For the entire G20, the expectation was revised from a growth of 4.3% in 2022 to an advance of 3.6%. In 2023, the agency expects an advance of 3.0% (a 0.2% cut compared to the previous projection).
In the case of Russia, the projection of a 2.0% increase in Gross Domestic Product (GDP) gave way to an expectation of a contraction of 7.0%. In 2023, it calculates a 3.0% drop in Russian GDP (up 1.5% from the previous point).
The US, in turn, is expected to grow 3.7% in 2022 (from 4.0% previously forecast) and 2.5% in 2023 (from 2.7%).
In the euro zone, the expectation of growth of 4.4% this year was revised to a growth of 2.8% and, according to Moody’s, it should register a growth of 2.2% in GDP in 2023 (from 2.6 % previously).
In the case of inflation, Moody’s believes that in the US it should reach the end of this year at 4.2 and in the whole of 2023, register a rise of 2.7%.
Source: CNN Brasil
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