Goldman No Longer Sees Euro-Area Recession as It Lifts Outlook
Wednesday, January 11, 2023
(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.
Economists at Goldman Sachs no longer predict a euro-zone recession after the economy proved more resilient at the end of 2022, natural gas prices fell sharply and China abandoned Covid-19 restrictions earlier than anticipated.
Gross domestic product is now expected to increase 0.6% this year, compared with an earlier forecast for a contraction of 0.1%. Economists led by Jari Stehn warn in a report to clients of weak growth during the winter given the energy crisis, and say headline inflation will ease faster than thought, to about 3.25% by end-2023.
“We also look for core inflation to slow due to cooling goods prices but see continued upward pressure on services inflation due to rising labor costs,” they said. “Given more resilient activity, sticky core inflation and hawkish commentary, we expect the European Central Bank to tighten significantly more in coming months.”
Goldman reiterated its call for half-point increases in interest rates at the ECB’s February and March meetings, followed by a final quarter-point step in May to take the deposit rate to 3.25%.
Leave your comment
APPROVED BROKERS
09-12-2023 15:59:25 (UTC+7)
EUR/USD
1.0764
-0.0028 (-0.26%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (4)
Sell (2)
EUR/USD
1.0764
-0.0028 (-0.26%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (4)
Sell (2)
GBP/USD
1.2550
-0.0040 (-0.32%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (6)
Sell (2)
USD/JPY
144.95
+0.82 (+0.57%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (2)
Sell (6)
AUD/USD
0.6577
-0.0024 (-0.36%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (2)
Sell (5)
USD/CAD
1.3582
-0.0012 (-0.09%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (7)
EUR/JPY
155.99
+0.40 (+0.26%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (3)
Sell (6)
EUR/CHF
0.9471
+0.0024 (+0.25%)
Summary
BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (1)
Sell (2)
Gold Futures
2,020.80
-25.60 (-1.25%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (10)
Sell (0)
Silver Futures
23.290
-0.769 (-3.20%)
Summary
↑ SellMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (2)
Sell (6)
Copper Futures
3.8340
+0.0365 (+0.96%)
Summary
NeutralMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (3)
Sell (1)
Crude Oil WTI Futures
71.26
+1.92 (+2.77%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (0)
Sell (9)
Brent Oil Futures
75.65
+1.60 (+2.16%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (0)
Sell (9)
Natural Gas Futures
2.552
-0.033 (-1.28%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (10)
US Coffee C Futures
177.70
+0.20 (+0.11%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Euro Stoxx 50
4,522.25
+48.48 (+1.08%)
Summary
NeutralMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (5)
Sell (2)
S&P 500
4,604.37
+18.78 (+0.41%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (0)
Sell (10)
DAX
16,759.22
+130.23 (+0.78%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (4)
Sell (1)
FTSE 100
7,554.47
+40.75 (+0.54%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (3)
Sell (7)
Hang Seng
16,324.50
-18.00 (-0.11%)
Summary
SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (1)
Sell (4)
US Small Cap 2000
1,880.82
+12.57 (+0.67%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (0)
Sell (10)
IBEX 35
10,223.40
+77.40 (+0.76%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (1)
Sell (3)
BASF SE NA O.N.
45.190
+0.095 (+0.21%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (7)
Sell (1)
Bayer AG NA
31.90
+0.07 (+0.20%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (1)
Sell (7)
Allianz SE VNA O.N.
243.80
+1.65 (+0.68%)
Summary
SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (2)
Sell (5)
Adidas AG
193.36
+2.26 (+1.18%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (7)
Sell (1)
Deutsche Lufthansa AG
8.364
-0.045 (-0.54%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (9)
Siemens AG Class N
162.42
+0.92 (+0.57%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (8)
Sell (1)
Deutsche Bank AG
11.824
+0.258 (+2.23%)
Summary
BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (5)
Sell (1)
| EUR/USD | 1.0764 | ↑ Buy | |||
| GBP/USD | 1.2550 | ↑ Buy | |||
| USD/JPY | 144.95 | ↑ Sell | |||
| AUD/USD | 0.6577 | Neutral | |||
| USD/CAD | 1.3582 | ↑ Sell | |||
| EUR/JPY | 155.99 | ↑ Sell | |||
| EUR/CHF | 0.9471 | Buy |
| Gold | 2,020.80 | ↑ Buy | |||
| Silver | 23.290 | ↑ Sell | |||
| Copper | 3.8340 | Neutral | |||
| Crude Oil WTI | 71.26 | Sell | |||
| Brent Oil | 75.65 | Sell | |||
| Natural Gas | 2.552 | ↑ Sell | |||
| US Coffee C | 177.70 | ↑ Buy |
| Euro Stoxx 50 | 4,522.25 | Neutral | |||
| S&P 500 | 4,604.37 | ↑ Sell | |||
| DAX | 16,759.22 | Neutral | |||
| FTSE 100 | 7,554.47 | ↑ Sell | |||
| Hang Seng | 16,324.50 | Sell | |||
| Small Cap 2000 | 1,880.82 | ↑ Sell | |||
| IBEX 35 | 10,223.40 | Neutral |
| BASF | 45.190 | ↑ Buy | |||
| Bayer | 31.90 | ↑ Sell | |||
| Allianz | 243.80 | Sell | |||
| Adidas | 193.36 | ↑ Buy | |||
| Lufthansa | 8.364 | ↑ Sell | |||
| Siemens AG | 162.42 | ↑ Buy | |||
| Deutsche Bank AG | 11.824 | Buy |
| Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
|---|---|
| SJC Eximbank | 7,310/ 7,390 (0/ 0) # 1,428 |
| SJC HCM | 7,280 / 7,400 (-30 / -10) # 1,510 |
| SJC Hanoi | 7,280/ 7,402 (-30 / -10) # 1,512 |
| SJC Danang | 7,280/ 7,402 (-30 / -10) # 1,512 |
| SJC Nhatrang | 7,280/ 7,402 (-30 / -10) # 1,512 |
| SJC Cantho | 7,280/ 7,402 (-30 / -10) # 1,512 |
| Cập nhật 09-12-2023 15:59:28 | |
| Xem lịch sử giá vàng SJC: nhấn đây! | |
| ↀ Giá vàng thế giới | ||
|---|---|---|
| $2,004.55 | -23.36 | -1.15% |
| ʘ Giá bán lẻ xăng dầu | ||
|---|---|---|
| Sản phẩm | Vùng 1 | Vùng 2 |
| RON 95-V | 23.010 | 23.470 |
| RON 95-III | 22.320 | 22.760 |
| E5 RON 92-II | 21.290 | 21.710 |
| DO 0.05S | 19.720 | 20.110 |
| DO 0,001S-V | 21.120 | 21.540 |
| Dầu hỏa 2-K | 20.920 | 21.330 |
| ↂ Giá dầu thô thế giới | |||
|---|---|---|---|
| WTI | $71.43 | -3.86 | -0.05% |
| Brent | $75.99 | -4.07 | -0.05% |
| $ Tỷ giá Vietcombank | ||
|---|---|---|
| Ngoại tệ | Mua vào | Bán ra |
| USD | 24.020,00 | 24.390,00 |
| EUR | 25.455,84 | 26.853,68 |
| GBP | 29.658,76 | 30.921,80 |
| JPY | 163,54 | 173,11 |
| KRW | 16,01 | 19,40 |
| Cập nhật lúc 15:54:19 09/12/2023 Xem bảng tỷ giá hối đoái | ||
