World Bank cuts 2023 global growth estimates from 3% to 1.7%, risk of recession

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

Patuelli (Abi): “The ECB should stop the rate hike, otherwise it will be a recession”

Ronaldo Playing together with Messi Everything is possible I spoke

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 rating, but sees recession – Economy

Anticipations Amici 22 of 191022 the outcome of the televoting

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

ECB: “More likely a recession in the Eurozone. An increase in bankruptcies is possible”. Visco: “Risks from rising interest rates” – Il Fatto Quotidiano

Extraordinary EU Council on energy on 30 September Commission Plan

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

Tonic stock exchanges, in the USA job data expected above. From Lagarde recession alarm, forward on rates

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

Why the high interest rates of the ECB are not stopping inflation: the Italian strategy against the risk of recession

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

Europe in the red with new fears of recession. Gas below 120 after EU agreement on price cap

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

Will it be recession after inflation? The negative signals come from the world of ships

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

Visco (Bank of Italy) warns the European Central Bank: “Let’s not imitate the Fed, too rapid rate hikes lead us into recession” – Il Fatto Quotidiano

Visco Bank of Italy warns the European Central Bank Lets

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

Energy crisis, for Fitch Italy will go into recession in 2023. “Less progress than Germany in reducing gas consumption” – Il Fatto Quotidiano

Energy crisis for Fitch Italy will go into recession in

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