The global economy may have already bottomed out, according to Goldman Sachs Group Inc. Chief Economist Jan Hatzius.
While growth remains soft, Goldman’s current activity indicator in February is slightly above the downwardly-revised December and January numbers.
“Some green shoots are emerging that suggest that sequential growth will pick up from here,” Hatzius and Sven Jari Stehn wrote in a note dated Feb. 26. Still, the risk to Goldman’s global GDP forecast of 3.5 percent for 2019 “is probably still on the downside.”