For the first time since 2010, the world economy is outperforming most
predictions — a trend that Goldman Sachs Research economists Jan Hatzius
and Jari Stehn see not only continuing but amplifying in 2018.
"Even though growth is quite strong, and we think it's going to continue to be strong in 2018, inflation is below central bank targets in most places around the world," says Jan Hatzius, chief economist and head of Global Economics and Markets Research at Goldman Sachs.
“The US economy has made an enormous amount of progress ... Our baseline is that we’ll continue to be in a fairly friendly environment for the foreseeable future, but the concern and the focus should be on avoiding too much of a good thing,” says Jan Hatzius, chief economist and head of Global Economics and Markets Research at Goldman Sachs.
“We expect the ECB to keep rates at their current level throughout 2018 and not begin to raise until we move into the second half of 2019,” says Huw Pill, chief European economist, Goldman Sachs Research.
“We're particularly optimistic on India for the coming year, where we've seen some important reforms taking place that ultimately should bring longer-term benefits,” says Andrew Tilton, chief Asia Pacific economist, Goldman Sachs Research.