Goldman No Longer Sees Euro-Area Recession as It Lifts Outlook
- Region’s economy is now expected to expand 0.6% in 2023
- ECB still predicted to raise deposit rate to 3.25% by May
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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.