Rating outlook for three EU states slashed ...News

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Rating outlook for three EU states slashed
Moody’s rating agency downgraded the outlook for the economies of Italy, the Czech Republic and Slovakia to ‘negative’ Moody's rating agency on Friday changed its outlook on the economies of Italy, the Czech Republic and Slovakia from ‘stable’ to ‘negative’, citing energy supply challenges and the countries’ dependence on Russian gas among the reasons for the downgrade. “The main drivers for lowering GDP growth forecasts for the Czech Republic are soaring energy costs and uncertainty on energy supply from Russia weighing on business investments, higher than initially expected consumer price inflation that is denti

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