As the financial conditions impulse points to sustained improvement in global growth momentum, Goldman Sachs places global growth for 2017 at the top end of the 3% to 3.5% average pace over the past five years. Jan Hatzius and colleagues published their “GS Macro Outlook 2017” report after collating a set of forecasts from Goldman’s economics team, and they predict that global growth will accelerate a bit further in 2018 as well.
GS turns pro-risk in asset allocation
The GS analysts anticipate that a lack of investment opportunities will remain an enduring challenge for investors in 2017. They point out that the financial conditions impulse has swung from sharply negative to modestly positive, both in the U.S. and in parts of...
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