Global Week Ahead September 21 – September 27

Economics Research 20 September 2026 | 8:06PM EDT

Global Week Ahead: September 21 – September 27

We highlight our Economics teams’ forecasts of central bank decisions and economic data Jan Hatzius | for the coming week, including our most out-of-consensus views. Goldman Sachs & Co. LLC

Joseph Briggs n Central bank meetings: Central banks in South Africa, Sweden, Norway, Mexico, | Hungary, Switzerland, Egypt, Ghana and Indonesia are scheduled to meet this Goldman Sachs & Co. LLC

week. Sarah Dong | Goldman Sachs & Co. LLC o Our forecasts are in line with consensus in: Megan Peters | § Sweden (GS: 1.75%, consensus: 1.75%, last: 1.75%), Goldman Sachs International § Switzerland (GS: 0.0%, consensus: 0.0%, last: 0.0%), § Norway (GS: 4.5%, consensus: 4.5%, last. 4.25%), § Hungary (GS: 5.5%, consensus: 5.5%, last: 5.5%), § Mexico (GS: 6.5%, consensus: 6.5%, last: 6.5%), § Egypt (GS: 19.0%, consensus: 19.0%, last: 19.0%), § Ghana (GS: 14.0%, consensus: 14.0%, last: 14.0%), § Indonesia (GS: 5.75%, consensus: 5.75%, last 5.75%), § South Africa (GS: 7.25%, consensus: 7.25%, last: 7.0%).

n Key global indicators: Several key global indicators will be released this week, including Australia Unemployment Rate, Euro Area Manufacturing PMI, Euro Area Services PM and South Africa CPI. o We are stronger than consensus on: § Australia Unemployment Rate (GS: 4.4%, consensus: 4.5%, last: 4.5%), § Euro Area Manufacturing PMI (GS: 52.7, consensus: 52.6, last: 52.7).

n Our most out-of-consensus forecasts for the week: We have one out-of-consensus view (where our forecast differs from consensus by at least one standard deviation of the historical surprise) for other indicators this week: o We are stronger than consensus on: § Taiwan Industrial Production yoy (GS: 28.0%, consensus: 24.6%, last: 25.61%), § Colombia Trade Balance FOB (GS: -2300.0USD mn, consensus: -2617.5USD mn, last: -2160.96USD mn).

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Goldman Sachs Global Week Ahead

Our economics teams’ week ahead publications: Please refer to our macro teams’ week ahead publications in the US, Europe, Japan, Australia and New Zealand, Asia-ex Japan, CEEMEA, and LATAM for more details on the upcoming data releases and our forecasts.

Global Week Ahead: September 21 – September 27

Exhibit 1: Central Bank Policy Decisions

*Market pricing as of Friday close. See below for the methodology we use to compute market pricing.

Source: Goldman Sachs Global Investment Research, Bloomberg, Haver Analytics

Exhibit 2: Selected Global Indicators

*Scores are calculated as the difference between GS forecast and Bloomberg consensus, normalized by the historical standard deviation of actual data print minus Bloomberg consensus forecast.

Source: Goldman Sachs Global Investment Research, Bloomberg