The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS
March 6 (Reuters) – Goldman Sachs raised its economic growth forecast for Germany this year, citing the prospect of increased military and infrastructure spending, and also upgraded the growth estimate for the broader Euro area.
For Germany, Goldman now expects a 0.2% growth, 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%.
Reporting by Siddarth S in Bengaluru; Editing by Sherry Jacob-Phillip
