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Forex Flash: European growth to stagnate in 2013 – Goldman Sachs

By FXstreet.com,  January 03, 2013, 04:46:00 AM EDT

FXstreet.com (Barcelona) - The timing and consistency of the economic cycle is the crucial determinant of whether markets experience a rotation and how long it lasts rather than the timing within the year. The latest reading of our Global Leading Indicator (GLI) shows continued expansion and the deal on the Fiscal Cliff should mean no imminent danger of recession in the US.

On balance, this supports continued outperformance of financials and cyclical into the New Year. "That said, growth in Europe is likely to remain moribund and politics will remain to the fore in the coming months especially in Europe." warns the Economics Research Team at Goldman Sachs.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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