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Fitch Maintains Pessimistic Forecast for Turkish Inflation

Fitch Maintains Pessimistic Forecast for Turkish Inflation
aawsat.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aawsat.com Daily Mail and Mail on Sunday newspapers.

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Breaking: Moody's forecasts 7% GDP contraction for India in FY21; revises estimate to 13.7% growth in FY22

Moody s forecasts 7% GDP contraction for India in FY21; revises estimate to 13.7% growth in FY22
In its Global Macro Outlook 2021-22 report, Moody s says India s economy has rebounded quickly from one of the world s longest and most stringent lockdowns, which also came with steepest fall in GDP in Q2
BusinessToday.In | February 25, 2021 | Updated 16:23 IST
The government will release the GDP numbers for the October-December quarter of the current fiscal on Friday
Global rating agency Moody s has said India s economy will shrink by 7 per cent in FY21 and revised India s growth estimate for the next financial year 2021-22 to 13.7 per cent from 10.08 per cent earlier. The agency in its earlier estimates had predicted India s GDP to shrink 10.6 per cent in the current financial year. ....

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Investec cuts Irish growth forecast in half as lockdown drags

Investec cuts Irish growth forecast in half as lockdown drags
Domestic recovery predicted for ‘later stages’ of the third quarter
Thu, Feb 25, 2021, 04:52

Investec has cut its 2021 growth forecast for the underlying Irish economy in half to 2.5 per cent as a third national lockdown, which took effect over the Christmas holiday period, has been extended until least early April.
“While we still expect an enduring domestic recovery to commence this year, we now anticipate that it will be the later stages of \[the third quarter] before it comprehensively takes hold, given the slower pace of economic reopenings than was hoped at the start of the year,” said Ronan Dunphy, chief economist with Investec Europe in Dublin. ....

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Moody's upgrades Turkey's 2021 GDP growth fcast to 4%

Moody s upgrades Turkey s 2021 GDP growth fcast to 4%
Source: The Institute of Financial Services Practitioners
ANKARA (Turkey), February 25 (SeeNews) - Moody s Investor Service said it revised its projection for Turkey’s economic growth in 2021 to 4% from 3.5% forecast in November.
The country s real gross domestic product (GDP) growth forecast for 2022 was also increased - to 5% from 4% predicted in November, the ratings agency said in its updated Global Macro Outlook 2021-22 report published earlier this week.
According to Moody s, Turkey s economy is estimated to have expanded by 1.1% in 2020, which compares to a contraction of 5.5% forecast in the previous edition of the report.
Turkey s consumer price inflation is seen at 11.4% in 2021, while in 2022 it is expected to slow down to 10%, Moody s said in the updated report. ....

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Moody's: Global economies to remain uneven this year due to Covid-19 impact | Money

Wednesday, 24 Feb 2021 01:43 PM MYT
Moody’s says global economic activity is likely to remain unbalanced this year due to the Covid-19 pandemic and its various impact which casted a shadow over health systems and economies. Reuters pic
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KUALA LUMPUR, Feb 24 ― Global economic activity is likely to remain unbalanced this year due to the Covid-19 pandemic and its various impact which casted a shadow over health systems and economies, said Moody s Investors Service (Moody’s).
In its Global Macro Outlook 2021-2022 (February 2021 Update), it expected real gross domestic product (GDP) in all G-20 countries to grow compared with last year, but noted that some countries would take longer than others to return to full capacity. ....

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