29 December 2025 | 9:02AM EST Economics Research Global: GS Economic Indicators Update: Financial Conditions Expected to Support Growth in 2026 Please find an update of our proprietary global economic indicators below. The data behind these exhibits can be downloaded here. Interactive charts can be found on our living page here. Chart of the Week Exhibit 1: Our Financial Conditions Index Points to a +0.2pp Impulse to G10 Growth in 2026 (On a GDP-Weighted Basis) -1.2 -1.0 -0.8 -0.6 -0.4 -0.2 0.0 0.2 0.4 -1.2 ...

22 December 2025 | 2:46PM EST Economics Research Global: GS Economic Indicators Update: Above Consensus Global Growth in 2026 Please find an update of our proprietary global economic indicators below. The data behind these exhibits can be downloaded here. Interactive charts can be found on our living page here. Chart of the Week Exhibit 1: We Expect Global Real GDP Growth of 2.8% in 2026, Notably Above Bloomberg Consensus of 2.6% Source: Goldman Sachs Global Investment Research Jan Hatzius +1(212)902-0394 | ...

Summary of Key Points from Goldman Sachs Economic Indicators Update Industry Overview - The report focuses on global economic indicators, particularly in developed markets (DMs) and emerging markets (EMs) [1][3][4]. Core Insights and Arguments - **Current Activity Indicators (CAIs)**: The CAIs for major developed markets remain below potential, indicating subdued economic activity. For instance, the global CAI was reported at +1.9% in June, while developed markets showed a CAI of +0.5% [14][51]. - **Growth Forecasts**: The GDP growth forecast for 2025 has been adjusted, with notable increases in Malaysia and China. The report highlights a decrease in growth expectations for several countries, including the US and Euro Area [12][99]. - **Financial Conditions Index (FCI)**: The FCI has tightened primarily due to rising interest rates, impacting growth prospects across various regions [9][31]. - **Wage and Price Inflation**: The report includes insights on wage trackers and inflation measures, indicating ongoing inflationary pressures in the labor market [20][22]. Important but Potentially Overlooked Content - **Country-Specific Data**: The report provides detailed CAI data for individual countries, showing significant variations. For example, India had a CAI of +6.8% in June, while the UK reported -1.3% [14][51]. - **Utilization Scores**: Short-run utilization scores indicate how much of the potential output is being utilized in various economies, with the US showing a score of -1.8% in July [87]. - **Fiscal Impulses**: The report discusses the effect of fiscal policy on GDP growth, with specific projections for the next four quarters across different regions [80][82]. Conclusion - The Goldman Sachs report provides a comprehensive overview of current economic conditions, highlighting the challenges faced by developed markets while noting potential growth in emerging markets. The data suggests a cautious outlook for global economic activity, influenced by tightening financial conditions and inflationary pressures.