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12 Mar 2015
Eurozone growth outlook positive – GS
FXStreet (Barcelona) - The Goldman Sachs Team shares their forecast for Eurozone GDP growth, expecting domestic demand components to lead to a growth of 1.5% in 2015 and 1.7% in 2016.
Key Quotes
“For the Euro area as a whole, we forecast a return to positive growth of 1.5% in 2015 and 1.7% in 2016.”
“The growth outlook at the country level still shows divergent trajectories, with growth below 1% in Italy, but somewhat above that threshold in Germany and Spain.”
“At the same time, private-sector headwinds remain as banking lending standards are still tight.”
“We forecast Euro area growth to move higher, driven by modest improvements across all major components of domestic demand. Support from monetary policy will also contribute to that recovery.”
“Still, the list of necessary adjustments in the periphery remains long, ranging from cleaning up the banking system and labour market reform to increasing competitiveness.”
Key Quotes
“For the Euro area as a whole, we forecast a return to positive growth of 1.5% in 2015 and 1.7% in 2016.”
“The growth outlook at the country level still shows divergent trajectories, with growth below 1% in Italy, but somewhat above that threshold in Germany and Spain.”
“At the same time, private-sector headwinds remain as banking lending standards are still tight.”
“We forecast Euro area growth to move higher, driven by modest improvements across all major components of domestic demand. Support from monetary policy will also contribute to that recovery.”
“Still, the list of necessary adjustments in the periphery remains long, ranging from cleaning up the banking system and labour market reform to increasing competitiveness.”