While we expect global growth to slow in the fourth quarter as many countries try to contain another wave of COVID-19, we have upgraded our 2020 GDP growth forecasts for the US and China. In the US, manufacturing, housing, autos and spending on consumer goods have strongly rebounded. In China, credit impulse (a measure of new credit issuance as a percentage of GDP) has reaccelerated and external demand has partially recovered. Read on for a visual snapshot of our GDP growth expectations around the globe.
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This blog post is provided for informational purposes only and should not be construed as investment advice. Any opinions or forecasts contained herein reflect the subjective judgments and assumptions of the authors only and do not necessarily reflect the views of Loomis, Sayles & Company, L.P. This information is subject to change at any time without notice.