In the statement made by the credit rating agency, evaluations were made regarding the global economic outlook.
Despite the rapid interest rate hikes in developed countries, demand pressures on services, in particular, remain strong in many economies.
In the statement, it was reminded that major central banks signaled that policy rates would remain high for a longer period of time, and it was stated that this year’s rate cut expectations are now off the table.
In the statement, which stated that the forecasts generally point to a faster economic growth in 2023 and a slower economic growth in 2024, the world economy will grow by 2.9 percent this year and next year, and by 3.3 percent in 2025 and 2026. expected was recorded.
S&P had previously predicted that the global economy would grow by 2.7 percent this year, 3% next year, 3.4 percent in 2025 and 2.9 percent in 2026.
In the statement, it was stated that a longer and shallower slowdown is now predicted, while the recession possibilities are decreasing.
Emphasizing that if inflation continues to be “sticky”, interest rates will have to rise for a longer period of time, and growth will slow down sharply if central banks tighten excessively.
On the other hand, it was stated in the statement that the growth forecast of the US economy was raised for this year, and it was reported that the country’s economy is expected to grow by 1.7 percent this year, 1.3 percent next year, 1.5 percent in 2025 and 1.8 percent in 2026.
S&P had previously predicted that the US economy would grow by 0.7 percent this year, 1.2 percent next year, 1.8 percent in 2025 and 1.9 percent in 2026.
In the statement, the growth forecast for the Eurozone economy was increased from 0.3 percent to 0.6 percent this year, from 1 percent to 0.9 percent for next year and from 1.7 percent to 1 percent for 2025. It was recorded that it was reduced to .6, while it was preserved as 1.6 percent for 2026.
In the statement, it was stated that the recovery of the Chinese economy will continue, but it will continue to be uneven for most of this year, and it was stated that the growth forecast of the country’s economy for this year was reduced from 5.5 percent to 5.2 percent. In the statement, it was stated that the growth forecast of the Chinese economy was reduced from 5 percent to 4.7 percent for 2024, 4.7 percent for 2025 and 4.5 percent for 2026.
