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From 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
by TMWNN 2y ago
From 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.