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GSAM sees US economy, stock market "slowing and normalizing"
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GSAM sees US economy, stock market "slowing and normalizing"
Jul 9, 2024 8:19 AM

July 9 (Reuters) - Goldman Sachs Asset Management

executives said on Tuesday that they expect the U.S. economy to

grow at a slower clip of about 2% in the second half of 2024, as

equity market indexes react to headwinds from declining earnings

growth and political anxieties by remaining largely flat.

"It's absolutely a soft landing," said Lindsay Rosner, head

of multi-sector investing at the asset management arm of Goldman

Sachs ( GS ). "As the data comes through, that's what we're

seeing."

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