Goldman Sachs sees subdued global growth in Q1, Outlook still positive

Economists at Goldman Sachs are out with their outlook on the global economic growth for the first quarter of 2018, given the ongoing concerns over the US trade tariffs and tighter financial markets condition.

Key Highlights via Bloomberg:

"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".