Exchanges at Goldman Sachs

Goldman Sachs Exchanges: Outlook 2026 | Episode 1: The Big Picture

In the inaugural episode of Goldman Sachs Exchanges: Outlook 2026, senior economists Jan Hatzius and Dominic Wilson outline the macroeconomic forces expected to shape global growth and financial markets through 2026. They highlight three key trends: a gradual deceleration of advanced‑economy growth paired with stronger emerging‑market momentum, a shift toward tighter monetary policy and higher real interest rates, and the accelerating impact of technology and climate‑related investments on sectoral dynamics. Their analysis stresses the importance of monitoring inflation trajectories, fiscal policy adjustments, and geopolitical risk as determinants of market volatility. The conversation blends Hatzius’s macro‑forecast expertise with Wilson’s market‑strategy perspective, offering a forward‑looking framework for investors.