The world's two largest economies look set to see growth pick up in the coming months, according to two of Goldman's most senior economists.
— an indicator that includes a heap of macro variables such as interest rates, credit spreads, stock prices, and currency levels — have moved in recent months suggests that the recent slowdown in US growth should have ended in the first quarter of 2019.
The bank's economists also noted that some technical revisions to previous data, and the fact that there is evidence US government shutdowns, like the one seen in December and January, tend to"weigh temporarily on the sentiment indicators in our CAI." In total, 77% of the economists surveyed are forecasting recession within the next three calendar years.As investors panic about the rising chance of a global recession, this 'canary in the coal mine' suggests they may be right
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