U.S. Economic Outlook 2020: On Firmer Ground

Published on06 DEC 2019

Goldman Sachs Research forecasts steady U.S. GDP growth of 2.3%, driven by easier financial conditions, dissipating trade tensions, and continued strength in consumer spending. As the U.S. economy continues its longest expansion on record, many market participants continue to worry about recession. However, our economists forecast just a 20% chance of a U.S. recession in the next 12 months, compared with the consensus view of 33%.

Goldman Sachs Research

2020 Outlook: On Firmer Ground

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