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JPMorgan joins Goldman, hikes euro area's 2025 economic growth forecast

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J.P.Morgan joined Wall-Street peer Goldman Sachs to forecast a boost to the euro area's economic growth for 2025 on the back of Germany's fiscal loosening reforms.
JPMorgan has revised its economic growth forecast for the Euro area in 2025, increasing the projection from 1.0% to 1.2%. This adjustment follows a similar upward revision by Goldman Sachs, reflecting a more optimistic outlook for the region's economy. The decision to hike the forecast is influenced by several factors including a stronger than expected economic performance in the latter half of 2023, anticipated improvements in global trade, and a potential easing of monetary policy by the European Central Bank. These elements suggest a gradual recovery and stabilization in the Eurozone, despite ongoing challenges such as inflation and geopolitical tensions.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/money/markets/jpmorgan-joins-goldman-hikes-euro-areas-2025-economic-growth-forecast/ar-AA1AAyap ]