A recession in the US is unlikely in 2023, according to Goldman Sachs.
Analyst consensus says there's a 63% chance of a recession, but Goldman Sachs says it's far lower.
Goldman Sachs isn't bullish on stocks in 2023, but compared to some of its Wall Street peers, its outlook for the US economy is rosy.
"Our baseline is that the US economy narrowly escapes a recession in 2023," Struyven said.
Goldman SachsLastly, inventory gluts that are crushing profit margins of retailers like Target (TGT) won't spread beyond the consumer discretionary sector, according to Goldman Sachs.