empty
 
 
10.01.2023 12:36 PM
Goldman Sachs no longer sees economic recession in the eurozone

This image is no longer relevant

Goldman Sachs no longer sees economic recession in the eurozone after data showed that the region has become more resilient near the end of 2022. Aside from that, natural gas prices have declined sharply, while China abandoned Covid-19 restrictions earlier than expected.

GDP forecast is now revised to +0.6% in 2023, much better than the earlier projection of -0.1%.

However, economists warned that growth may be weak during winter because of the energy crisis. Overall inflation would also fall faster than expected to around 3.25% by the end of 2023.

This image is no longer relevant

"We also expect core inflation to slow due to lower commodity prices, but see continued upward pressure on services inflation due to rising labor costs," they said. "Given more resilient activity, sustained core inflation and hawkish comments, we expect the European Central Bank to tighten significantly in the coming month," they added.

European stock indices are in an upward trend.

This image is no longer relevant

EUR/USD is also bullish, extending its rise for the second month in row.

This image is no longer relevant

Goldman Sachs repeated its call for a half-point interest rate hike at the ECB's February and March meetings, followed by a final quarter-point move in May, which will bring the deposit rate to 3.25%.

Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN
  • Chancy Deposit
    Deposit akaun anda sebanyak $3,000 dan dapatkan $5000 lebih lagi!
    Dalam November kami membuat cabutan bertuah $5000 dalam Kempen Chancy Deposit!
    Dapatkan peluang untuk menang dengan membuat deposit $ 3000 ke dalam akaun dagangan. Setelah memenuhi syarat ini, anda menjadi peserta kempen.
    SERTAI PERADUAN
  • Trade Wise, Win Device
    Daftar untuk peraduan dan tambah dana akaun anda dengan sekurang-kurangnya AS$ 500 untuk layak memenangi peranti mudah alih.
    SERTAI PERADUAN
  • Bonus 100%
    Peluang istimewa anda untuk menerima bonus 100% pada deposit anda
    DAPATKAN BONUS
  • Bonus 55%
    Dapatkan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • Bonus 30%
    Dapatkan bonus 30% setiap kali anda membuat penambahan dana akaun anda
    DAPATKAN BONUS

Artikel yang dicadangkan

Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget