Mar 21, 2013
Forex Flash: Eurozone to contract by -0.5% in 2013 – Goldman Sachs
“For the Euro area as a whole, we expect a continued contraction, by -0.5% in 2013, before a return to positive growth of 0.8% in 2014. Our baseline is still that the Euro area will ‘muddle through’ but remain intact. Cross-country divergence remains a key theme in this baseline scenario, however, with economic weakness especially pronounced in Spain and Italy. Meanwhile, we see growth decelerating only marginally in Germany in 2013, and forecast some overheating in the subsequent years.” notes the Economics Research Team at Goldman Sachs.
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