Goldman Sachs: Recession Chances Reduced to 15%
TL;DR Summary
Goldman Sachs has lowered its forecast for a US recession in the next 12 months to 15%, down from 20%. The bank cites positive inflation and labor market news as reasons for the revision. Despite concerns about a cooling labor market, Goldman Sachs believes that the US economy will continue to grow at a 2% annual pace through the end of 2024. The bank's forecast is significantly below Bloomberg's consensus forecast of a 60% chance of a recession.
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