Barclays no longer expects a US recession in the second half of the year

The change in forecast basically just speaks to the change in sentiment. Just last week, it was all still doom and gloom. So, yeah.

In any case, Barclays is now forecasting the US economy to grow by 0.5% this year and 1.6% next year. That’s a step up from their previous forecasts of -0.3% and 1.5% respectively. They also see better prospects for the euro area now, expecting the economy to come in flat for the year as compared to their previous forecast of a 0.2% contraction.

This article was written by Justin Low at www.forexlive.com.