Goldman Sachs: The global economy has reached the worst stage .. The next is better

[yota691]

Goldman Sachs: The global economy has reached the worst stage .. The next is better

27 February 2019 01:27 PM
Direct : "Goldman Sachs" Bank believes that the global economy has already reached the worst stage in terms of performance, and now it will start in the wire way to rise again.

While growth is still low, Goldman Sachs' current activity index in February is higher than the downward revision in December and January, the bank said in a note released on Wednesday.

Some of the snapshots in the index indicate that the sequential growth of the economy will recover from that point. However, the bank stressed that the risks to its GDP growth outlook are still on the downside.

Goldman Sachs expects the global economy to grow by 3.5% this year.

The note believes that Europe is the weakest region this year, with the Italian economy stagnating, and Germany is close to a recession.

On the market's note, Goldman Sachs believes global bond yields will rise, giving a pessimistic view of the performance of the US dollar under the less hawkish Fed policy.

This year, the Federal Reserve adjusted its tone towards the interest rate, showing a less hawkish approach, and indicated that it no longer needed to increase interest rates as it had before.

As for oil prices, it gives a positive outlook over the next two to three months, but gives a more pessimistic outlook for the rest of the year.

 

[crane]

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