Reuters logo
BRIEF-Moody's says euro area to achieve above-potential growth over next two years as major economies accelerate
August 30, 2017 / 7:36 AM / 24 days ago

BRIEF-Moody's says euro area to achieve above-potential growth over next two years as major economies accelerate

Aug 30 (Reuters) - Moody’s -

* Euro area to achieve above-potential growth over next two years as major economies accelerate

* Euro area expected to grow around 0.3 percentage points faster in 2017 and 2018

* Has revised up its growth forecasts for Germany, France and Italy

* Revised up Germany’s GDP growth forecasts to 2.2% and 2.0% for 2017 and 2018 respectively

* Raised forecasts for France to 1.6% for both 2017 and 2018, from 1.3% and 1.4% as recovery remains on track, driven by net exports and investment

* In Italy, expects recovery will continue to benefit from supportive monetary and fiscal policies, as well as stronger growth in rest of European Union

* Revised up its real GDP growth forecast for Italy to 1.3% in 2017 and 2018 from 0.8% and 1% respectively

* Expects euro area monetary policy to become less supportive in 2018, provided that the current growth momentum remains intact

* Growth projections have been revised down for Saudi Arabia and South Africa in the EMEA region, and India

* Expects U.S. growth of 2.2% in 2017 and 2.3% in 2018, down from 2.4% and 2.5%, respectively

* Monetary policy in the U.S. should continue to tighten this year and next

* Forecasts euro area GDP growth of 2.1% in 2017 and 1.9% in 2018 after 1.7% in 2016 Source text - bit.ly/2iG1xOi (Bengaluru Newsroom)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below