Listen to the audio version of the article (Il Sole 24 Ore Radiocor) – The World Bank has sharply revised its forecast for global growth in 2023 downwards, cutting them to +1.7% from +3% last June, due to persistent inflation, rising interest rates and the effects of the war in Ukraine. The international institute then … Read more
There BCE he must review the methodology of analysis, otherwise he runs into forecasts that are contradicted by reality, as has happened in recent days with inflation. And by changing the valuations, it will have to adjust the initiatives by slowing the rise in rates according to the slowdown in petrol and gas prices”. Antonio … Read more
Fitch confirms Italy’s BBB rating and indicates stable prospects for the future in the assessment of the country’s debt. But he sees a recession coming next year due to a “strong deceleration” in Italy’s economic growth starting in the fourth quarter due to the energy shock. For 2023, the rating agency expects a GDP contraction … Read more
L’Eurozone is likely heading towards one recession technique, i.e. two quarters of negative growth. This was confirmed by the vice president of the ECB Louis de Guindos in a note in which it is emphasized that the risks to the financial stability in the euro area they “increased” due to energy shocks, high inflation and … Read more
Listen to the audio version of the article (Il Sole 24 Ore Radiocor) – The European stock exchanges they travel sharply higher in the last weekly trading session. Continental stock indices took advantage of the euphoria on Asian markets (+ 5.3% Hong Kong, + 2.4% Shanghai) due to new rumors about China’s willingness to relax … Read more
The restrictive monetary policy strategy of the European Central Bank is less and less convincing. On the moves of the institute led by Christine Lagarde The doubts of some governments and parts of the European industrial world are increasing. In particular, Italy is concerned with Confindustria which openly criticizes Frankfurt and Giorgia Meloni’s government, in … Read more
Listen to the audio version of the article (Il Sole 24 Ore Radiocor) – They see “red” le European stock exchanges in the last session of the week, in the aftermath of a mini rally which had partly dispelled fears of a recession, now back in the foreground. This is while gas travels down to … Read more
We are still describing a world under the grip of inflationwhich sails around 10% in the major Western economies. But perhaps the next chapter has already begun. It won’t be a pretty sight, either. Historically, the natural therapy that puts an end to an inflationary cycle is recession. The signs are already evident in a … Read more
The governor of the Bank of Italy Ignazio Visco he warned the European Central Bank (of which he is a member of the Governing Council) against blindly replicating the monetary policies of the US Federal Reserve. Basically Visco suggests a more cautious attitude on the interest rate increase path initiated by the ECB last July … Read more
Until now, analysts considered it only one possible scenario, but not the most likely. Now Fitchin his latest Outlook, puts pen to paper that in 2023 Italy will end up in recession: GDP should shrink by 0.7% under the weight of expensive energy. Growth expectations for 2022 have been lowered and the economy is now … Read more