Goldman Sachs offers 10 reasons why it’s more confident about the U.S. economy

Goldman Sachs thinks the U.S. economy will be growing by more than double market consensus at the end of 2024, and has a list of 10 reasons why it is more optimistic than most. In a note published over the weekend, a Goldman economics team led by Jan Hatzius said they see U.S. GDP expanding on an annualized basis by 2% in the fourth quarter of this year, compared to about 0.9% shown in a Bloomberg poll of economists. Goldman also sees a less than 20% probability of a U.S. recession in the next 12 months, while the Bloomberg consensus is about 50%. This prompts Goldman to ask the question: “What are other forecasters worried about…