(Finance) – Goldman Sachs revises upwards its estimates for the GDP of the Eurozone: according to the investment bank Gross domestic product it will be 0.3% in the first quarter and 0.2% in the second.
In view of the data expected for April 29, Goldman Sachs stresses that “so far the Area has reacted better than estimates since the start of the war in Ukraine”.
In particular – the experts explain – “the PMI index was better than expected in April reaching the highest levels of the last 7 months “, as well as the” moderate growth in the manufacturing sector “thanks to a” continuous rebound after Omicron “.
According to Goldman Sachs “energy prices have fallen and the flow of gas from Russia has not decreased since the end of last year, leading to lower production weakness for energy-intensive companies”.
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