Goldman Sachs raises 2025 economic growth forecast for Germany, Euro area

For decades, the German economy has been seen as the most successful model in Europe, relying on a strong and advanced industrial sector and production directed largely to exports. Cheap energy supplies from Russia and large emerging consumer markets in Asia, especially China, were a major axis for its success. With the spread of the Corona pandemic and the unstable geopolitical situation that followed, crises began to besiege the largest econom…

The bank originally expected stagnation in Germany

Goldman Sachs raises 2025 economic growth forecast for Germany, Euro area

Goldman now expects a 0.2% growth for Europe's largest economy, up by 0.2 percentage points. In a note late Wednesday, the brokerage projected the Euro area's growth to increase by 0.1 percentage point to 0.8%