In the euro area, it’s pretty much going to suck for awhile

Shortly after the new year, the Economics Research team over at Goldman Sachs published their outlook for growth in the euro area. Frankly, it doesn’t look all that hopeful, especially in the periphery (surprise!). We hope you weren’t holding out for something better than the growth rates associated with a “muddle through” strategy… But hey, at least it’s several rungs higher on the ladder of...