‘The hard part is over’: Here’s what Goldman Sachs sees in the year ahead as markets and the economy return to pre-2008 conditions

• Goldman Sachs said the economy and investing landscape is returning to a pre-2008 environment. 
• Strategists said the global economy has outperformed expectations in 2023, and disinflation should carry on. 
• Conditions are normalizing as the end of ultra low rates ends and 

Goldman Sachs sees a 15% recession probability for the year ahead, and the bank expects a handful of tailwinds to support global growth and investments as the macro landscape reverts to pre-2008 conditions. 

In a note to clients this week titled, “The Hard Part Is Over,” Goldman strategists led by Jan Hatzius highlighted that economies around the world have outperformed even optimistic expectations through 2023.