Economic recovery in the euro area will be slow, unequal and fragile, credit rating agency Moody’s warns. Moody’s assesses the euro area’s economic forecast as negative. As a result, the euro area as a whole is likely to suffer a loss of creditworthiness in the long run. Moody’s forecasts a rebound in economic growth this year to 4.6% in 2021, after an expected contraction of 7.7% last year. Credit risks are highest in Italy, Cyprus, Spain and Portugal, given their high economic exposure to the crisis and their more limited fiscal space.
The UK has become less attractive for family businesses. As a result of the brexit the UK remains in a reasonably good position compared to other countries and places second, only surpassed by the US. This has been shown by a study carried out by the research institute ZEW (Centre for European Economic Research) on family businesses and which country has the best conditions for them to set up a business.
Consumer prices in the Netherlands increased by 1.3% on average in 2020 compared to 2.6% in 2019. This is according to figures from Statistics Netherlands (CBS). Despite the decrease in inflation, the price increase in the Netherlands in the past year was once again one of the highest in the eurozone.
The 6M Euribor decreased with 1 basis point to -0.53% compared to previous business day. The 10Y Swap increased with 2 basis points to -0.21% compared to previous business day.
In the attachment, today’s market data on money and capital market rates as well as other rates are presented.
Managed by Sluijmer Multimedia and hosted by True.