- Goldman Sachs is optimistic about the US economy in 2020.
- The Wall Street titan's economists expect growth to accelerate next year, after suffering from the trade war in recent months.
- They predict unemployment will drop to its lowest levels since the Korean War, and they put the risk of a recession at one-in-five.
- Goldman identified the looming presidential election as the single biggest risk to the US economy next year
- View Business Insider's homepage for more stories.
Goldman Sachs is optimistic about the US economy in 2020.
A team of the bank's economists, led by Jan Hatzius, released a note detailing their predictions for next year.
They expect growth to accelerate next year as the trade war subsides and consumer spending remains strong, offsetting weak business investment. They also predict unemployment will drop to its lowest levels since the Korean War, and see the risk of a recession dropping, from one-in-three earlier this year to one-in-five.
However, markets will remain nervy with a presidential election in less than a year, as there's no clear frontrunner among the Democrats, and Trump's approval ratings remain low.
Below are Goldman's expectations for the US economy in 2020.
https://news.google.com/__i/rss/rd/articles/CBMibGh0dHBzOi8vd3d3LmJ1c2luZXNzaW5zaWRlci5jb20vZ29sZG1hbi1zYWNocy11cy1lY29ub215LTIwMjAtcHJlZGljdGlvbnMtZ3Jvd3RoLWpvYnMtcmVjZXNzaW9uLXJpc2stMjAxOS0xMdIBAA?oc=5
2019-11-28 11:51:00Z
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