Investor Presentaiton
Macro Assumptions Underpinning Our Outlook¹
2022 GDP
3.5% 4.5% United States
-
3.5% 4.5% Euro area
-
4.0% -5.0% Global
Global benchmark rates
to increase from historic
lows; U.S. high yield interest
rate spreads to widen,
moving slightly above the
historical average of ~500 bps
Inflation rates to remain
above central bank targets
in many countries
Global high yield default rate
to initially decline before
gradually rising to
approximately 2.4%
by the end of 2022
川
1.
See press release titled "Moody's Corporation Reports Results for Fourth Quarter and Full Year 2021; Sets Full Year 2022 and Medium-Term Outlooks" from February 10, 2022 for Moody's complete full year 2022 guidance.
Sources: GDP, high yield spreads, inflation rates and default rate assumptions sourced from Moody's Investors Service as of February 10, 2022.
Moody's | Better decisions
4Q & FY 2021 Investor Presentation
10View entire presentation