Goldman Sachs economists and experts share insights on macro trends shaping the global economy.
David Kostin, the firm’s chief US equity strategist, discusses what’s ahead for US equities in 2020.
Goldman Sachs Research expects China’s GDP growth to fall below 6% next year as policymakers focus on achieving higher-quality growth.
Goldman Sachs Research expects Asia-Pacific growth to gradually accelerate from 4.7% to 4.9% in 2020. Watch Video
Goldman Sachs Research expects a gradual pickup in eurozone growth from its current pace of 0.2% to 1.1% for 2020. Watch Video
In this episode of the Top of Mind at Goldman Sachs podcast, Goldman Sachs Research’s Allison Nathan interviews former IMF Chief Economist, Olivier Blanchard, Harvard professor, Alberto Alesina, and Goldman Sachs’ Chief Economist, Jan Hatzius. They discuss whether increased fiscal stimulus today would do more good than harm, and, even if it would, whether the economies that need it the most will pursue it. Learn More
Global GDP growth is poised to rise moderately from 3.1% in 2019 to 3.4% next year in Goldman Sachs Research’s view, led by easier financial conditions, a US-China trade détente, and reduced Brexit uncertainty. Learn More
Goldman Sachs’ Head of Energy Research Damien Courvalin explains why the oil market is much better positioned to deal with supply outages today, and thus is a less likely recession trigger than in the past. But the Council on Foreign Relations’ President, Richard Haass, and Columbia Professor Richard Nephew explain why instability looks set to rise in the Middle East and beyond. Learn More
President Trump has voiced concern that a strong Dollar is damaging US competitiveness. Whether the US should, could, and would begin to proactively manage the Dollar, and whether these actions—or further trade war escalation—could lead to a global “currency war” is Top of Mind. Learn More
Prachi Mishra, India chief economist for Goldman Sachs Research, Goldman Sachs, discusses the drivers behind India’s economy. Listen Now
Lotfi Karoui of Goldman Sachs Research explains what today’s credit markets indicate about the likelihood of a US recession. Listen Now
A review of the last 100 years of US recessions suggests that they can be boiled down to five major causes: industrial shocks, oil supply shocks, inflationary overheating followed by aggressive Fed tightening, private sector financial imbalances, and fiscal tightening. Read Report
Goldman Sachs Research expects below-trend growth in the Asia-Pacific region in 2019 as financial conditions tighten and global growth slows. Read Report and Watch Video