Moody’s: US economic growth gives Europe a much bigger boost than to China
The international credit rating agency said that the acceleration of US economic growth will therefore have positive effects on debt quality among European commercial and sovereign debtors.
Jorge R. Valez, vice president of Moody’s, the author of the study, highlighted in his presentation of the analysis that using the six largest European economies – Germany, the United Kingdom, France, Italy, Spain and the Netherlands – as a test sample, the company’s model calculations show that the U.S. a sustained 1 percent increase in the value of gross domestic product (GDP) adds 0.8 percent to the GDP produced by European economies. (Kertész Róbert, MTI)
Related news
Social commerce predicted to reach $1 trillion by 2028
A new study forecasts skyrocketing growth for the social commerce…
Read more >China filed the most GenAI patents
According to the latest report from the World Intellectual Property…
Read more >China’s economic recovery – investors are missing the point
The sentiment surrounding commodity markets took a decisive turn in…
Read more >Related news
Why are parcel locker providers getting stuck? This data points to the reasons
Parcel terminals are becoming increasingly popular: this year, nearly three-quarters…
Read more >Sustainability and health: the rise of plant-based dairy products in Hungary
In recent years, plant-based dairy alternatives have gained significant popularity…
Read more >Milk and dairy products are becoming more expensive: what is behind the price increase?
The price of milk and dairy products has increased significantly…
Read more >