However, a recession still looks the most likely scenario in the eurozone. However, moderating energy prices may mean that the recession is actually shorter and shallower than it might otherwise have been. Just as the expected recession has not arrived yet, neither has the anticipated sharp downgrade to corporate earnings. If Europe does enter a recession, downgrades to corporate earnings are likely to ensue. The article is issued by Calamatta Cuschieri Investment Services Ltd, which is licensed to conduct investment services business under the Investments Services Act by the MFSA and is also registered as a Tied Insurance Intermediary under the Insurance Distribution Act 2018.

Source: Libya Today December 19, 2022 10:27 UTC