Open Demo Account
Home / Market Update / Eurozone’s Economy Expected to Contract by 2.3% in Q4

Eurozone’s Economy Expected to Contract by 2.3% in Q4

M. Ali 2 November, 2020 10:10 pm Market Update

The Eurozone gross domestic product (GDP) is expected to shrink by 2.3% during the fourth quarter (Q4) of 2020, according to recent forecasts by Goldman Sachs.

The bank has lowered its expectations for the European bloc, after it previously estimated a contraction of 2.2%.

Meanwhile, Q1 of 2021 is expected to see recovery with a 0.5% growth rate.

Tags

Check Also

The Euro’s Moment? Weak US Data and ECB Action Set the Stage

The euro strengthened against the US dollar, with the EUR/USD pair climbing above 1.14. This …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends