Better-than-expected global growth, faster-than-expected global disinflation, and calmer-than-expected labor market normalization stand out among the main processes that occurred during 2023 (and are likely to continue trending in 2024, at least to start with).
That combination sounds a lot like the opposite of stagflation - the central bankers' nemesis - potentially enabling the dream of a 'soft landing'.
The following are Goldman's favorite charts to illustrate the key global themes that stood out this year and are likely to shape the year ahead.
