Germany’s economy was set to rebound. But soaring energy prices have derailed Europe's biggest comeback [MSNBC.com]
Goldman Sachs Group, Inc. (The) (GS)
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Source: MSNBC.com
Werner Schnell | Flickr Open | Getty ImagesEurope's biggest economy was set for a rebound, but now it's being hammered by soaring energy costs caused by the Iran war, prompting the federal government to halve growth forecasts.Germany's flagship fiscal stimulus package is in the spotlight as ministers scramble to cushion the impact of higher bills.Before the war, the country had been powered by rising industrial orders, dropping inventories, and improving sentiment, thanks mainly tofiscal spending on defense and infrastructureBut higher energy prices and supply chain risks are "spoiling the German growth party before it even started," said Carsten Brzeski, global head of macro research at ING.The Federal Ministry for Economic Affairs and Brzeski noted that industrial production was already "stuttering" before the war, sliding 0.3% month-on-month in February and printing flat on an annual basis.But now the Iran conflict has sent business sentiment into freefall.On Friday, the Ifo Insti
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GS
Earnings
- 4/14/26 - Beat
GS
Sec Filings
- 4/24/26 - Form 424B2
- 4/24/26 - Form FWP
- 4/24/26 - Form FWP
- GS's page on the SEC website