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Goldman Sachs sees a 20% chance of a US recession in next 12 months (down from 25% prior)

Goldman Sachs had a previous estimate at 25%, cut now to just 20%.From GS economists:"The recent data have reinforced our confidence that bringing inflation down to an acceptable level will not require a recession,"We do expect some deceleration in the next couple of quarters, mostly because of sequentially slower real disposable personal income growth—especially when adjusted for the resumption of student debt payments in October—and a drag from reduced bank lending,""But the easing in financia... Read More

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Goldman

Sachs

Sees

Chance

Recession

Months

Down

From

Prior

Forex

Posted: Jul 23 2023, 22:52

Author Name: forexlive

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