Moody’s: global growth estimates cut. In 2022 Italy at + 2.3% from + 3.2% previously

In 2022 Italy will grow to + 2.3% from + 3.2% expected in March and in 2023 to + 1.7% from + 2.1%. Thus Moody’s has cut the estimates of the tricolor growth in the new Macro Global Outlook according to which the euro zone will rise in 2022 by 2.3% against the 2.5% expected in March and in 2023 to + 2.3% from 2.2% previous one.
“We expect global economic growth to slow further to 2.9% in 2023, slightly below the average growth rate of the decade preceding the pandemic,” Moody’s explained. Furthermore, the inflation rate “currently high, could remain so for several months, due to high energy and food prices”.