We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

May 28, 202011:49pm

Golman Sachs expects Eurozone’s GDP to dip 1.7%

American international investment bank, Goldman Sachs has lowered the forecast of the main economies in the Eurozone and anticipates its GDP to plunge by 1.7%.

Mar 18, 2020 — 6:24pm
MDS
Save

 

Golman Sachs expects Eurozone’s GDP to dip 1.7%

 

 

Golman Sachs lowers Eurozone’s GDP. The American International investment bank, Goldman Sachs has lowered the economic outlook for the major economies in the Eurozone. The agency predicts that the Eurozone’s GDP will contract 1.7%, compared to the expected growth of 1%. However, the entity estimates a rebound of 3.5% in 2021.

 

Germany would reduce its economic activity by 1.9% this year, while in 2021 it will grow 3.6%. In France, the economy will shrink 0.9% in 2020 to grow 3% in 2021, while Italy's GDP will fall 3.4% this year and rise by 3.5% the following year. Spain’s (GDP) will register a 1.3% contraction in 2020 due to the impact of the Covid-19 but will rebound by 4.3% in 2021.

 

That said, Deutsche Bank, forecasts that the Eurozone’s GDP will fall 22% in the second quarter, while in Japan will drop by 1.5% during the same period and 12.3% in the United States.

Advertising
Participation rules

info@themds.com

 

Validation policy for comments: 

 
MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
 
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment
...