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Goldman Sachs made 10 predictions about the US economy in 2019 — these 3 were wrong

FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., October 18, 2019. REUTERS/Brendan McDermid

  • Goldman Sachs made 10 predictions about the US economy in 2019.
  • The bank’s economists made correct calls on growth, recession, tariffs, unemployment, wages, the federal deficit, and broader monetary policy.
  • However, their forecasts concerning inflation, interest rates, and money supply missed the mark.
  • View Business Insider’s homepage for more stories.

Goldman Sachs made 10 predictions about the US economy in 2019. Three of them turned out to be wrong.

The bank’s chief economist, Jan Hatzius, and his team made correct calls on growth, recession, tariffs, unemployment, wages, the federal deficit, and broader monetary policy.

However, their forecasts concerning inflation, interest rates, and money supply missed read more >>>

Source:: BusinessInsider.Com