Goldman Sees U.S. Economy Growing 2.5% in 2020

The video discusses the US economic growth forecast, predicting a growth rate of 2.3% to 2.5% next year, which is above consensus. It suggests that investing with a different view from the consensus can be profitable. Earnings are expected to grow by 6%, driven by nominal GDP and buybacks. The resolution of election uncertainty, likely resulting in a divided government, is seen as beneficial for the US equity market, potentially leading to a 10% market increase. Overall, the economy and earnings are expected to grow, with slight PE multiple expansion.

What is the projected growth rate for the US economy next year?

• 3.0% to 3.5%

• 2.3% to 2.5%

• 1.5% to 2.0%

• 4.0% to 4.5%

How much are earnings expected to grow, according to the video?

• 4%

• 5%

• 6%

• 7%

What is the likely outcome of the election that could benefit the US equity market?

• A coalition government

• A divided government

• A minority government

• A single-party government

What market level is anticipated if a divided government occurs?

• 3200

• 3300

• 3500

• 3400

What is expected to cause a slight PE multiple expansion?

• Resolution of uncertainty

• Higher interest rates

• Lower corporate taxes

• Increased government spending