By Marc Jones LONDON (Reuters) - Credit rating agency Moody's raised its 2023 U.S. economic growth forecast on Friday but cut its estimate next year ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy Marc Jones
"We have raised our growth forecast for the United States' economy to 1.9% in 2023 from 1.1% in our May outlook, acknowledging the strong underlying economic momentum," Moody's said in a report. "We believe that it will be difficult for the Fed to achieve a sustained fall in inflation to its 2.0% target if current economic conditions persist," Moody's said.In contrast, it said China was facing"considerable growth challenges" stemming from weak business and consumer confidence amid economic and policy uncertainty, continued property sector woes and an aging working population.
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