Moody's on Europe, the UK and US

  • Global growth strengthens as risks abate; Europe to maintain recovery
  • Risk of major euro area country leaving EU is no longer an immediate concern, with the election of Emmanuel Macron as president in France
  • Brexit-related slowdown in the UK has been more modest and Moody's has raised its forecast for growth this year to 1.5% from 1%
  • Expects weaker growth in UK as investment spending slows as Brexit negotiations get underway, consumers feel impact of accelerating inflation
  • Improving global growth outlook for 2017 appears sustainable as risks abate
  • In the US, an overall increase in housing and business capital investment suggest that the first quarter slowdown will be temporary

Headlines via Reuters