Global GDP growth moderation "looks contained" – Goldman Sachs

Analysts at Goldman Sachs out with a note on the global growth, based on its tracking model, highlighting the following:

Q1 data signals a divergence between developed and emerging economies - with the former set for a weak quarter while the latter looks set for a rebound from a comparatively weak Q4 2017 growth figures.

Global GDP growth moderation, therefore "looks contained", with GDP tracking at 4.1% y/y. The slower start to the year can be attributed to temporary negative effects such as poor weather and volatility linked to China's week-long Lunar New Year holiday.

Expect a rebound in Q2 growth, especially in the US - while continuing to forecast global real GDP growth of 4.1% this year.