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Moody’s estimates that global GDP will grow by 2.5% in 2022 and 2.1% in 2023. The agency has previously expected the figure to rise by 3.1% in 2022 and 2.9% in 2023.
The agency has lowered US economic growth forecasts:
- from 2.8% down to 1.9% in 2022,
- from 2.9% down to 1.1% in 2023.
Moody’s forecasts euro area GDP growth:
- at the end of 2022 - by 2.5%,
- in 2023 — by 0.3%.
Forecasts for China’s economic growth have also been cut:
- from 4.5% down to 3.5% in 2022,
- from 5.3% down to 4.8% in 2023.
The forecast for the drop in Russia’s GDP has been preserved, the agency believes that:
- in 2022, Russia’s GDP will drop by 7%,
- in 2023 — by 3%.
At the end of 2022, the inflation in the Russian Federation may reach 14.1%, and in 2023 the consumer price inflation rate in the country may slow down to 6.9%.
The inflation in the United States by the end of 2022 may reach 7%, and in China - 3%. The inflation in the United States by the end of 2023 may reach 2.3%, and in China - 2.5%.