FX & CFD trading involves significant risk
Swiss bank UBS upgraded on Wednesday its growth forecasts for Germany, France and Spain for 2016, but downgraded its forecast for Italy. The German economy is expected to expand 1.6% in 2016, up from the previous estimate of a 1.4% rise, the French economy is expected to grow 1.5%, up from the previous estimate of a 1.2% increase, while the Spanish economy is expected to expand 2.9%, up from the previous estimate of a 2.6% gain.
UBS expects the Italian economy to grow 1.1% in 2016, down from the previous estimate of a 1.1% growth.
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.