I posted on GS comments on the Japanese GDP here:
And on the US economy here
Goldman Sachs on the factors posing risks to US growth (recession probability is low)
Now some snippets on the land down under …
Backdrop of:
- global growth jitters
- weakening business surveys
- falling house prices
outlook for the Australian economy and interest rates has become … less certain
Most likely scenario
- economy navigates a key risk period over 1H2019
- interest rates edge higher over the medium term
- somewhat later than we previously forecast …. +25bp in Q3 of 2020; whereas GS were previously Q4 2019
first half of 2019 is the key risk period for the Australian economy
