-
The US economy is on its final descent to a soft landing
After defying recession fears this year, the US economy is forecast by Goldman Sachs Research to easily beat consensus expectations again in 2024. US GDP is projected to expand 2.1% in 2024 on a full-year basis, compared with 1% for the consensus of economist forecasts surveyed by Bloomberg. Goldman Sachs Research reaffirms its longstanding view that the probability of a US recession is much lower than commonly appreciated — at just 15% over the next 12 months. “It was fair to wonder last year whether labor market overheating and an at times unsettling high inflation mindset could be reversed painlessly,” David ... (full story)