Not really news from Goldman Sachs, but a reminder:
- Say that Euro-are economic growth has again extended, but political uncertainty is a risk
- GS cites lower oil prices as a postive
- Also cite the lower euro
GS highlight stronger growth in France, Italy and Spain as surprising, but express disappointment with Germany's figures ... but recognize the results may be a result of volatility in the data and not necessarily underlying economy
- GS revised higher their growth forecasts from Spain and Italy, and lower for Germany
- For the euro-area as a whole, their revised forecasts more or less balance out for this year, but are a net positive for 2016
Euro area GDP growth forecasts from GS:
- 2014 +0.9%
- 2015 +1.5%
- 2016 +1.9%
- 2017 +1.7%
- 2018 +1.6%
