Note:ThefollowingisaredactedversionoftheoriginalreportpublishedNovember12,2023[19pgs].12November20235:28PMESTUSEconomicsAnalyst2024USEconomicOutlook:FinalDescent(Mericle)nTheUSeconomydefiedrecessionfearsin2023andmadesubstantialprogressJanHatziustowardasoftlanding.ThekeysurprisehasbeenmuchstrongerthanexpectedGDPgrowth,thoughthishasnotpreventedthelabormarketfromcontinuingto+1(212)902-0394jan.hatzius@gs.comrebalanceorinflationfromcontinuingtofall.GoldmanSachs&Co.LLCnThehardpartoftheinflationfightnowlooksover.ItwasfairtowonderlastyearAlecPhillipswhetherlabormarketoverheatingandanattimesunsettlinghighinflationmindsetcouldbereversedpainlessly.Buttheseproblemsno...
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