The European Commission has raised its inflation forecasts for the eurozone considerably and has slashed its 2023 growth forecast for the bloc as Russia’s war against Ukraine takes its toll Read more
Tag: cuts
EU Raises Eurozone Inflation Forecasts, Cuts Growth Outlook Due to Ukraine War
By Maria Martinez The European Commission has raised its inflation forecasts for the eurozone considerably and has slashed its 2023 growth forecast for the bloc as Russia’s war against Ukraine Read more
Avoiding a recession ‘increasingly challenging,’ says IMF, as it cuts U.S. growth forecast again
The International Monetary Fund has cut its forecast for U.S. growth for the second time in two months, citing the increasingly difficulty of sidestepping inflation, compounded by the lingering COVID Read more
Wells Fargo’s investment arm cuts outlook for stocks, now sees longer U.S. recession ahead
Investors should brace for the start of a U.S. recession in the second half of 2022 and for the stock market to record a roughly 20% retreat for the full Read more
Credit Suisse cuts S&P 500 target again for 2022 as U.S. stocks sink
Credit Suisse Group analysts have again cut their price target for the S&P 500 index, lowering their estimate for the U.S. stock-market benchmark by 600 points to 4,300. “Our target Read more