Open Demo Account
Home / Market Update / Goldman Sachs Cuts Its European Growth Forecast For Q4 2020

Goldman Sachs Cuts Its European Growth Forecast For Q4 2020

Adel 2 November, 2020 6:01 pm Market Update

US investment bank Goldman Sachs sharply cut its economic forecast for Europe in Q4 of the year after a jump in COVID-19 cases prompted major countries to announce partial closures in November.

The bank said it expected real GDP in the euro area to shrink 2.3% in Q4, a major revision to its previous forecast of 2.2% growth.

The bank lowered the forecast for GDP growth in Britain to -2.4% from a previous forecast of 3.6% growth.

Tags

Check Also

Coca-Cola Delivers Strong Earnings Boost as Investors Debate Whether the Rally Has Gone Too Far

Coca-Cola kicked off 2026 with stronger-than-expected financial results, fueled by rising consumer demand, successful marketing …

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