Goldman Sachs economists on world GDP - they say tighter financial conditions and tariff concerns have weighed on this quarter
- But the outlook is still positive
- see growth above their 4.1% forecast (for the year as a whole)
- "Assuming proportionate retaliation, the tariffs will boost inflation and weigh on growth both in the U.S. and abroad, but our global economic model suggests that these effects will be too small to be distinguishable from the normal noise in the data"
Goldman economists still expecting four Federal Reserve interest-rate hikes in 2018
- four more in 2019