Morgan Stanley Revises Down Euro Zone 2022 GDP Fcast to 2.7% From 3% Earlier

25 April 2022

Reuters are reporting that Morgan Stanley said on Monday it had revised down its economic growth forecasts for the euro area this year and the next, anticipating a meaningful slowdown in economic growth in the second half of this year. The investment bank said that while the euro area economy had proved resilient, it faced weakness ahead with energy flows from Russia likely to be significantly reduced and headwinds from China where strict measures to contain COVID-19 are weighing on growth there.