Goldman Sachs Research forecasts the US economy to outperform consensus expectations in 2024, with projected GDP growth of 2.1%, higher than the 1% consensus. They also anticipate solid job gains, 1% real wage growth, and a substantial increase in household interest income, driving nearly 3% real disposable income growth next year. Additionally, they expect US households to remain heavily invested in equities with low bond allocations, and see consumer spending as a source of strength in the economy.
"We continue to see consumer spending as a source of strength in the economy." - Goldman Sachs https://t.co/LO5CxTCj7c
How will America’s economy look in 2024? Don’t ask a forecaster: the consensus is that...there is no consensus https://t.co/WAVXrjRokp 👇
"US households continue to be heavily invested in equities, and have low bond allocations." - Goldman Sachs https://t.co/WrA04beKfw
Goldman Sachs Research expects the US economy to grow faster than many predict next year. Hear from our chief economist Jan Hatzius below on three reasons why, and read more insights from our 2024 US Economic Outlook: https://t.co/6gpGuD8swZ https://t.co/Zwckp9qoJU
"We expect real GDP to grow 1.8% in 2024 on a Q4/Q4 basis (or 2.1% on a full-year basis), once again easily beating low consensus expectations." - Goldman Sachs https://t.co/6b5hGQFRIU
Goldman’s US equity forecast for 2024 https://t.co/IJ8ykSvpsf
The US economy is forecast by Goldman Sachs Research to easily beat consensus expectations in 2024, with US GDP projected to grow 2.1%, compared with 1% for the consensus of economist forecasts. For more insights from our 2024 US Economic Outlook: https://t.co/NWpIPnl3g6 https://t.co/4eYnI39Eev
"We expect slowing but solid job gains, roughly 1% real wage growth, and a large increase in household interest income to fuel real disposable income growth of nearly 3% next year." - Goldman Sachs https://t.co/xpnfg0vi3I