Posted 1/15/2024, 12:26:00 PM
Goldman Sachs Forecasts Stronger Economic Growth in 2024, Citing Solid Household Finances and Job Market
- Goldman Sachs forecasts much stronger 2% GDP growth in 2024 vs 0.9% consensus due to 10 reasons why it's more optimistic
- Doesn't see high recession risk in next 12 months unlike 50% consensus expectations
- Household finances are solid even if spending falls, with low income support normalizing
- Job market still strong overall despite some weak recent data points
- Interest rates and debt refinancing will have small impact on capex and hiring due to moderate rise in interest costs