Goldman Sachs
July 1, 2026
Macro at a Glance
Weekly UpdateEquitiesMacro Economic IndicatorsEnergyInformation Technology
Goldman Sachs' weekly macro update forecasts a global slowdown to 2.4% growth in 2026, driven by energy price pressures. Analysts revised the US core PCE inflation forecast downward to 3.0% for year-end 2026.
Key Takeaways
- 1.Lowered US core PCE inflation forecast for Dec 2026 to 3.0% due to methodological changes and data.
- 2.Expect global real GDP growth to slow to 2.4% in 2026 due to Iran-conflict energy price impacts.
- 3.The US-Iran agreement has reduced downside risks, though oil flow via the Strait of Hormuz remains a watch point.
Table of Contents
- Macro at a Glance: Latest views and forecasts
- Growth
- Forecasts
- More from TOP of MIND
- Disclosure Appendix
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Authors
Allison NathanJenny GrimbergAshley Rhodes
Themes
AI contribution to economic growthGeopolitical impact on energy marketsNormalization of inflation metrics
Regions
GlobalEuropeUnited StatesChinaIran