Goldman Lowers Growth Forecasts For The World, Predicts Recession In France And Germany ⇢

World GDP will grow 3.8 percent this year and 3.5 percent next year, compared to earlier predictions of 3.9 percent and 4.2 percent

Europe GDP will grow 0.1 percent next year, compared to earlier predictions of 1.3 percent. Germany and France will enter recession

US GDP will grow 1.4 percent next year, compared to earlier forecast of 2 percent. There’s a 1 in 3 change of entering recession.

The MSCI Asia Pacific ex Japan index will hit 480 in twelve months, compared to earlier forecast of 530

Commodities may rally 20% on emerging market growth, though this is a downgrade from previous estimates. The 12-month copper target was lowered to $9,500 per ton from $11,000. Brent crude will average $120 next year, down from earlier estimates of $130.

4 October 6

Predictionglobal economy

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