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Goldman Sachs says the probability of US recession in 12 months is 25% (vs previously 35%)

In March Goldman Sachs assigned a recession probability to 35% after the collapse of Silicon Valley Bank.Analysts at the bank have trimmed that to 25%, Citing two main factors:“We have become more confident in our baseline estimate that the banking stress will subtract only a modest 0.4 percentage points from real GDP growth this year, as regional bank stock prices have stabilized, deposit outflows have slowed, lending volumes have held up, and lending surveys point to only limited tightening ah... Read More

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Posted: Jun 6 2023, 22:21

Author Name: forexlive

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