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2024's economic forecast shines with GDP growth surpassing expectations, inflation cooling down, and low recession risk. Here's a simple breakdown.
Goldman Sachs stands out with a positive 2024 economic forecast, showcasing lower recession odds and a stronger economy. Here's what they're saying:
Tailwinds Ahead:
There's a bunch of good news on the horizon, according to Goldman Sachs:
Skepticism Addressed:
Doubting Goldman Sachs? Here's a throwback: In November 2022, they called the US recession odds at less than 35% against a 65% consensus. And guess what? They were spot on.
Source: Goldman Sachs
In a recent episode of the Stay In Your Lane Podcast from Triple T Transport, Allianz Trade North America Chief Economist Dan North shed light on why the anticipated economic recession hasn't yet materialized and its implications on the freight market.
The ISM Manufacturing Index moves from contraction to expansion for the first time in 16 months.
CEOs at Davos signal ongoing supply chain disruptions may persist, affecting global freight and consumer prices.
Sharp increase in freight rates early 2024 may signal an impending surge in goods inflation, according to data from Steno Research.
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