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Goldman Sachs

June 6, 2026

Global Economics Wrap Up

Weekly UpdateMacro Economic IndicatorsRates Govt BondsEnergyInformation Technology

This report outlines slowing consumer momentum across developed markets and identifies diverging performance in emerging markets caused by energy supply disruptions and AI-driven investment.

Key Takeaways

  • 1.Consumer spending growth in DM economies faces headwinds from slowing real income growth and reduced fiscal support.
  • 2.The ECB is expected to raise the deposit rate by 25bp in June due to persistently higher energy prices shifting the inflation outlook.
  • 3.Emerging Markets are exhibiting divergence driven by exposure to the Strait of Hormuz energy supply blockage and the AI-led investment boom.

Table of Contents

  • Global Economics
  • US Economics
  • Europe Economics
  • Asia/EM Economics
  • GDP Forecast Tracker: GS vs. Consensus

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Authors

Joseph BriggsAndrew TiltonKatya VashkinskayaJessica RindelsSarah Dong

Themes

AI Adoption and InvestmentEnergy Supply DisruptionConsumer Income Headwinds

Regions

EuropeAsia PacificUnited StatesJapanChina