Goldman Sachs: Global economy is projected to grow by 2.8% in 2026.

Goldman Sachs predicts global economic growth of 2.8% in 2026, following data showing a weaker-than-expected rise in the US consumer confidence index in December, which remained subdued due to persistent affordability concerns. According to a report released Friday, the University of Michigan's final consumer confidence index rose 1.9 points to 52.9 in December, compared to economists' median forecast of 53.5. "Despite some signs of improvement at the end of the year, consumer confidence remains nearly 30% lower than in December 2024, as economic conditions remain a top concern for consumers," said Joanne Hsu, head of the survey. The final current conditions index fell to a record low of 50.4, while the expectations index rose to a four-month high. Consumers' views on the current situation regarding big-ticket purchases deteriorated to a record low. (Jinshi)