Goldman Sachs expects further global growth in 2018.
According to global investor analysts, this year, economic growth worldwide has accelerated.
Thus, Germany, the largest eurozone economy in the III quarter, grew by 0.8%, and in Japan, economic growth lasted seven consecutive quarters. The USA also did not lag behind and showed 3% of economic growth in the III quarter.
2017 was the first year of expansion in which growth made so many surprises, ”Goldman analyst Charles Himmelberg said, noting that great results are expected next year.
Himmelberg and his colleagues expect the global economy to grow by 4% next year and cite several reasons for this. In particular, economic growth will determine a strong growth impulse, weakening financial conditions, a global monetary policy that remains “highly acceptable by historical standards” and the likelihood of fiscal incentives in the United States.
“Since 2018, one of the main strategic risks for investors has been the adoption of the US tax reform.
The second political risk, which experts noted, but which remains active, in our opinion, is the US trade policy, ”Himmelberg said, noting that the two risks are potentially related.
Himmelberg also said that if the tax reform really goes through, it will add to the Trump government a better position to successfully revise the North American Free Trade Agreement (NAFTA – free trade zone agreement between Canada, Mexico and the USA)