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Goldman Sachs now sees only a 20% chance of a US recession in the next 12 months

Goldman Sachs economist Jan Hatzius has cut the chances of a US recession to 20% from 25% previously."The probability of a U.S. recession has fallen further as both recent data and ongoing fundamentals point to rapid — and mostly painless — disinflation from here," he writes. "One reason why we expect most DM economies to achieve a soft landing is that many EM economies have already done so, despite more difficult starting positions in terms of the size of the energy hit and/or the stability of... Read More

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Posted: Jul 17 2023, 15:36

Author Name: forexlive

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