The Goldman Sachs analysts remain optimistic on the Euro area economic growth outlook, in light of the improving coronavirus situation in the bloc and on the recovery fund hopes. Key quotes “New infection numbers remain low – the spike in confirmed cases in Germany last month has proven temporary. High-frequency economic indicators are showing a robust rebound. After hesitating initially, the policy has also turned very supportive. Although we expect the EUR750bn Recovery Fund to shrink slightly to EUR600bn before implementation, it is coming alongside aggressive ECB asset purchases that should suffice to close the sizable “funding gap” of its Southern Member States. We therefore remain comfortable with our far above-consensus forecast that Euro area real GDP will grow nearly 25% over the next two years (in cumulative terms).” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD: Bulls attack 1.2500 ahead of Brexit talks in London FX Street 3 years The Goldman Sachs analysts remain optimistic on the Euro area economic growth outlook, in light of the improving coronavirus situation in the bloc and on the recovery fund hopes. Key quotes “New infection numbers remain low - the spike in confirmed cases in Germany last month has proven temporary. High-frequency economic indicators are showing a robust rebound. After hesitating initially, the policy has also turned very supportive. Although we expect the EUR750bn Recovery Fund to shrink slightly to EUR600bn before implementation, it is coming alongside aggressive ECB asset purchases that should suffice to close the sizable "funding gap" of its… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
