Analysts at Morgan Stanley revised down their forecasts for Eurozone GDP growth this year and the next, in the latest note published Monday.
Key quotes
“It had now lowered its 2022-euro area GDP forecast to 2.7% from 3% previously and shaved one percentage point off its 2023 growth forecasts to 1.3%.”
“Despite the resilience in economic activity shown so far against geopolitical headwinds, we think more material impacts will show in the second half of the year, through various channels of transmission.”
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