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
