{"id":97136,"date":"2023-01-11T15:38:17","date_gmt":"2023-01-11T14:38:17","guid":{"rendered":"https:\/\/test2023.luxus-plus.com\/?p=97136"},"modified":"2023-01-11T15:58:49","modified_gmt":"2023-01-11T14:58:49","slug":"goldman-sachs-revises-eurozone-growth-forecast-upwards","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/goldman-sachs-revises-eurozone-growth-forecast-upwards\/","title":{"rendered":"Goldman Sachs revises eurozone growth forecast upwards"},"content":{"rendered":"<h4>As European countries experience a major economic slowdown, US bank Goldman Sachs has announced an upward revision of its growth forecast for the eurozone, saying it will avoid recession in 2023.<\/h4>\n<p><!--more--><\/p>\n<p>&nbsp;<\/p>\n<p>In a note published on Tuesday 10 January 2022, economists at <strong>Goldman Sachs<\/strong> bank revised upwards their growth forecasts for the euro zone. Previously anticipating a <strong>0.1%<\/strong> recession, the American bank now forecasts a <strong>0.6%<\/strong> increase in GDP, while inflation should stabilise in 2023.<\/p>\n<p>&nbsp;<\/p>\n<p>This is a surprising turnaround. Most institutions and banks have previously agreed that 2023 will be a challenging year for the Old Continent. It faces both high inflation and monetary tightening, and for its inhabitants, a loss of purchasing power and rising unemployment. While the inflation rate reached <strong>9.2%<\/strong> in the euro zone in December 2022, and was still at <strong>5%<\/strong> a short time ago, the bank estimates that it could fall to <strong>3.25%<\/strong> by the end of 2023.<\/p>\n<p>&nbsp;<\/p>\n<h2>Stronger growth in France and Spain<\/h2>\n<p>&nbsp;<\/p>\n<p>But while recession should be avoided, economic activity in the eurozone should still be impacted in early 2023 by inflation, the energy crisis and the prolonged war in Ukraine.<\/p>\n<p>&nbsp;<\/p>\n<p>Despite this, Goldman Sachs economists expect growth of <strong>0.1%<\/strong> in the first quarter, and believe that France and Spain should post more sustained growth than Germany and Italy. They benefit from a more service-oriented economy and more diversified energy supplies, less dependent on Russian gas than their neighbours.<\/p>\n<p>&nbsp;<\/p>\n<p>It remains to be seen whether the forecasts of the American bank Goldman Sachs will be accurate: one is never safe from a surprise, good or bad.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>Read also &gt;\u00a0<a href=\"https:\/\/luxus-plus.com\/en\/stock-market-review-of-the-first-week-of-january\/\">Stock market: review of the first week of January<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Featured photo : \u00a9 Alex Brooks<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As European countries experience a major economic slowdown, US bank Goldman Sachs has announced an upward revision of its growth forecast for the eurozone, saying it will avoid recession in 2023.<\/p>\n","protected":false},"author":1,"featured_media":97139,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"%%post_title%% %%sep%% %%sitetitle%%","_seopress_titles_desc":"As European countries experience a major economic slowdown, US bank Goldman Sachs has announced an upward revision of its growth forecast for the eurozone, saying it will avoid recession in 2023.","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"none","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":301,"_seopress_analysis_target_kw":"Goldman Sachs,eurozone,Europe,Economy,recession,bank,Growth","footnotes":""},"categories":[24,1],"tags":[22397],"class_list":["post-97136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-luxus-fr","tag-news-fr"],"_links":{"self":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/97136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/comments?post=97136"}],"version-history":[{"count":0,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/97136\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media\/97139"}],"wp:attachment":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media?parent=97136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/categories?post=97136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/tags?post=97136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}