Goldman Sachs, JPMorgan Predict Euro-Area Recession

Goldman Sachs, JPMorgan Predict Euro-Area Recession


Global investment banks Goldman Sachs and JPMorgan have predicted an imminent recession in the euro area. “The risks to our forecast are skewed toward a sharper recession in the event of an even more severe disruption of gas flows, a renewed period of sovereign stress or a U.S. recession,” said the economists at Goldman Sachs.

Goldman Sachs’ Predictions

Two major global investment banks, Goldman Sachs and JPMorgan, released reports Wednesday, independently predicting an impending recession in the euro area.

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Goldman Sachs’ analysts, led by chief European economist Jari Stehn, expect a euro-area recession in the second half of this year that will last until the end of the year. They are also predicting a contraction of 0.1% in the third and 0.2% in the fourth

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