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 speaker's outlook on the impact of a divided government on the US equity market?

What does the speaker imply about the relationship between economic growth and PE multiple expansion?