Goldman Sachs Research

The Impact of Higher Energy Prices on European Manufacturing Industries

Apr 23, 2026
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Higher energy prices driven by the conflict in the Middle East are forecast to reduce European industrial production by 2% by the end of 2027 compared to its pre-conflict baseline, according to Goldman Sachs Research.

  • European Economics Analyst
    This Time is Different (from 2022) — The Impact of Higher Energy Prices on European Manufacturing Industries