European markets are heading for a positive open as investors look ahead to the release of more U.S. economic data and minutes from the Fed's policy meeting.
Goldman Sachs has an out-of-consensus forecast for the U.S. economy in 2023.
"This out-of-consensus forecast partly reflects our view that a period of below-potential growth is enough to gradually rebalance the labor market and dampen wage and price pressures," the note said. "But it also reflects our analysis that indicates that the drag from fiscal and monetary policy tightening will diminish sharply next year, in contrast to the consensus view that the lagged effects of interest rate hikes will cause a recession in 2023.
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