LIVE: Goldman Goes Into Detail On Its 2014 Forecasts

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Goldman Sachs just released their 10 market themes for 2014, and now the bank's top economists are holding a conference call with clients about their forecasts for next year and beyond.

Chief economist Jan Hatzius explained that Goldman Sachs' growth forecast for U.S. GDP is 2.9%, above the consensus estimate.

While the "repeated false starts of the past few years" serve as a reminder of how difficult economic forecasting can be, Hatzius says he believes that this time around we have a "clear reduction in the fiscal drag by about one percentage point."

Basically, Hatzius says that if the private sector can perform like they have this year, 2014 will be stronger given the "ease" of public drag.

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