Global economic growth will slow down next year due to tightening financial conditions, Bloomberg reports with the reference to Goldman Sachs Group Inc.

Financial stimulus will support global economic growth in 2019 as it did in 2018, however, center will move from the US to broader developing and emerging markets.

This change will result in slight softening, which will be hard to predict, experts of Goldman say. For example, oil prices increase represents downside risk for growth, while so much expected productivity increase may create potential for development of some economies.

Preliminary indicator of global development from Goldman fell in October to 3,7% from just above 4% in the middle of this year and about 5% in the beginning of 2018.