World economy to perform better than expected in 2024, says Goldman Sachs
Publishing timestamp: 2023-11-14 02:05:35
Summary
Goldman Sachs forecasts that the world economy will perform better than expected in 2024, with strong income growth and the belief that the worst of rate hikes is over. The investment bank predicts global economic expansion of 2.6% next year, with the US expected to outpace other developed markets. Goldman also expects inflation to continue to cool and global factory activity to recover. Rising real income is seen as a positive factor for growth. The bank believes there is limited recession risk and that the worst of the drag from rate hikes and fiscal policy is already over.
Sentiment: POSITIVE
Tickers: GS,
Keywords: breaking news: economy, economy, jerome powell, business news, world markets, economic events, united states, prices, world economy, goldman sachs group inc, personnel,