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We can all agree that 2022 has been pretty crazy. Wars, inflation and an ongoing pandemic are only a small part of the chaotic incidents that occurred last year. It’s pretty logical that all these events had a big impact on economics and politics making everything volatile.
So what’s next for 2023? Are things going to get better? Worse?
Here’s what Goldman Sachs analysts have to say about the upcoming year.
Goldman Sachs’ Macro Outlook for 2023 report provides an economic forecast for the coming year, highlighting several key factors that set the current economic cycle apart from previous ones.
Recession In Us Most Likely To Be Avoided
According to the report, the global economy is expected to continue its recovery from the COVID-19 pandemic, driven by strong growth in China, the US, and other developed markets. However, it’s also noted that the recovery is likely to be uneven across sectors and regions, with some areas continuing to struggle.
In the US, they predict that growth will be led by consumption, with a strong rebound in services sectors such as leisure and hospitality.
