Global GS Economic Indicators Update US Wage Growth Moderates to 3.6

Economics Research 10 August 2026 | 8:28PM EDT

Global: GS Economic Indicators Update: US Wage Growth Moderates to 3.6%

Please find an update of our proprietary global economic indicators below. The data behind Jan Hatzius | these exhibits can be downloaded here. Interactive charts can be found on our living page Goldman Sachs & Co. LLC

here. Joseph Briggs | Chart of the Week Goldman Sachs & Co. LLC

Sarah Dong | Exhibit 1: Our US Wage Tracker Has Moderated to 3.6% yoy Through Q2 Goldman Sachs & Co. LLC

Megan Peters | Goldman Sachs International

Source: Goldman Sachs Global Investment Research

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Goldman Sachs Global: GS Economic Indicators Update

Exhibit 2: The Global ex Russia FCI Eased by -9bps Last Week Primarily on Long Rates

Source: Goldman Sachs Global Investment Research

Exhibit 3: Higher 2026 Growth in the US, Lower in the Philippines and Indonesia Change in GS GDP Forecast in 2026 Percentage Since a Week Ago Percentage Percentage Since 60 Days Ago Percentage points points points points Vietnam: +1.4pp Malaysia: +1.0pp Global -1.25 -1.25 Global -1.25 US Argentina Vietnam Malaysia Poland Mexico Taiwan Euro Area Malaysia Russia South Korea India Thailand Turkiye Spain Poland Taiwan Vietnam Germany Italy South Korea Japan Australia US Australia Brazil Mexico France Canada Mainland China Indonesia Turkiye Germany Euro Area Thailand Argentina Spain Italy Japan UK France UK Canada Brazil India Philippines Mainland China Philippines Indonesia Russia

North America Western Europe Asia Pacific Latam CEEMEA

Source: Goldman Sachs Global Investment Research