Financial imbalances, including those in cryptocurrencies and credit markets, are expected to overshadow the growth of the world's leading economy, Goldman Sachs Group Inc. analysts said.
The bank is also expecting four Fed interest rises in the next year and an acceleration in the US economy to 2.6%. The unemployment rate in the world's largest economy is expected to drop to 3.5%.
However, the financial institution does not expect everything to go smoothly. According to them, estimates of some assets, especially loans, have reached a high level, historically. And as long as we do not see credit rises to levels that would disturb the Fed, there are signs of speculative behavior in credit instruments as well as the cryptocurrencies boom.
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