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Goldman Economists Lift 'Limited' US Recession Risk to 25%
- TMWNN 2y agoFrom the article: >Goldman Sachs Group Inc. economists increased the probability of a US recession in the next year to 25% from 15%, but said there are several reasons not to fear a slump even after unemployment jumped. >“We continue to see recession risk as limited,” the Goldman economists led by Jan Hatzius said in a report to clients on Sunday. >The economy continues to look “fine overall,” there are no major financial imbalances and the Federal Reserve has a lot of room to cut interest rates and can do so quickly if needed, they said.