According to Goldman Sachs, the global economy in 2023 outperformed optimistic expectations. The report adds:



The labor market performance has been strong, and unemployment rates have fallen below pre-pandemic levels

While inflation moderated in most economies, consecutive core inflation in a group of high-inflation economies fell from 6% to 3%.

Central banks have made significant progress in returning inflation to their targets

GDP growth is on track to exceed consensus estimates a year ago by 1 percentage point globally and 2 percentage points in the U.S.

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