Futures rise and markets continue to rally. Metals continue to climb but trim gains. The dollar tries to recover but cannot. The futures of the main Wall Street indices are rising 0.50% on average and the European stock markets register advances of more than 1%. Help optimism on Friday corporate results. In the US the […]
Tag: Increase
Germany and Italy: Cut off Russian gas supply would significantly weaken growth and fiscal metrics – Moody’s
“Looking at Germany and Italy, the immediate economic fallout from Russia’s plan to tighten supply in mid-June is likely to be limited.“, the global rating agency Moody’s said late on Wednesday. Additional comments Russian gas cuts will prevent reserves from building up quickly before the winter season. If Russian supplies don’t start when Nord Stream […]
EU Cuts Eurozone GDP Forecast, Sees 7.6% Inflation, Draft Says – Bloomberg
“Post-pandemic eurozone rebound will be weaker than expectedwhile inflation will be faster due to Russia’s war in Ukraine, according to the European Commission’s draft projections,” according to Bloomberg. additional details With rising priceswhich reduces the demand, and the danger of power shortage in winterwhich undermines confidence gross domestic product is likely to advance 2.6% this […]
OECD cuts global growth outlook, sees limited risk of stagflation
In its latest revision, the Organization for Economic Co-operation and Development (OECD) cut the global growth outlook for 2022, in response to the Russia-Ukraine war. The organization, however, sees limited risks of 1970s-style stagflation. The OECD expects a world GDP growth 3.0% in 2022, 2.8% in 2023 (versus 4.5% in 2022 and 3.2% in 2023 […]
World Bank lowers global growth forecast for 2022 to 2.9% from 4.1% in January
The world Bank it lowered its 2022 global growth forecast on Tuesday to 2.9% from its 4.1% estimate published in January, Reuters reported. The World Bank said the Ukraine war will reduce per capita income in developing economies by 5.0% from its pre-COVID-19 trend. World Bank President David Malpass said the risks of stagflationthe russian-ukrainian […]
Europe is heading towards a war economy – Natixis
Covid-19 and the war in Ukraine require Europe to carry out various policies. Several changes will be needed for Europe to make a considerable public and private investment effortaccording to Natixis economists. Europe seems destined to become a “war economy” for a long time “Given the huge need for public spending and public and private […]
Three Scenarios for the Economy and Markets – Citibank
Citi analysts have devised three scenarios to predict possible outcomes, as the world faces an extremely complex set of challenges. Currently, the Citi’s base case is resilient with a 40% chance, with the robust and recessionary scenario at 25% chance each. Robust, resilitene and recession “The resilient scenario expects Fed policy tightening to limit growth […]
IFO lowers 2022 growth forecast to 2.2%-3.1% from 3.7% forecast in December
The German institute IFO announced on Wednesday that lowers economic growth forecast for 2022 to 2.2%-3.1% from 3.7% forecast in December due to Russa-Ukraine waras reported by Reuters. Assessing this review, “the Russian attack is weighing on the economy through Significantly higher commodity prices, sanctions, increased commodity supply bottlenecks, and increased economic uncertainty” said IFO […]
War in Ukraine reshapes global geopolitical and economic outlook
S&P Global Market Intelligence revised down its global GDP growth forecast for 2022 in its latest report released on Tuesday. Key comments “Your growth forecast for Global real GDP in 2022 has dropped to 3.3% from 4.1% in February”. “The Russian invasion of Ukraine has unleashed a global commodity shock that will further disrupt global […]
Fitch cuts global growth forecasts as inflation spikes over Ukraine war
Fitch Ratings provided a gloomy global economic outlook amid rising inflation, courtesy of the war between Russia and Ukraine, which has fueled oil prices. Featured Comments “Fitch Ratings has cut its global GDP growth forecast for 2022 by 0.7% to 3.5%“ “The Eurozone GDP growth slowed at 1.5% to 3.0% and United States at 0.2% […]
