US: EIA Natural Gas Storage down -127B in Feb-15 week

For the Euro area as a whole, we expect a continued contraction, by -0.4% in 2013, before a return to positive growth of 0.9% in 2014. Our baseline is still that the Euro area will ‘muddle through’ but remain intact, predicts the Economics Research Team at Goldman Sachs. “Cross-country divergence remains a key theme in this baseline scenario, however, with economic weakness especially pronounced in Spain and Italy. Meanwhile, we see growth decelerating only marginally in Germany in 2013, and forecast some overheating in the subsequent years.”