Moody's says risk of major countries leaving EU has declined

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

Moody"s says risk of major countries leaving EU has declined
Moody"s says risk of major countries leaving EU has declined
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