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Home » Goldman Sachs » Goldman Sachs Is More Optimistic Than Most About U.S. Growth.

Goldman Sachs Is More Optimistic Than Most About U.S. Growth.

Posted on September 5, 2023 By legume No Comments on Goldman Sachs Is More Optimistic Than Most About U.S. Growth.

For the third time since June, Investment bank Goldman Sachs lowered the odds on a recession hitting the U.S. in the next 12 months.

It now sees the chances of a contraction at 15%, down from a probability of 20% in July. It had the odds at 35% in March as regional banks were roiled by market turmoil.

To be sure, Goldman Chief Economist Jan Hatzius still sees a slowdown in the fourth quarter. But it will be “shallow and short-lived,” he said in a Monday note. Economists in a Bloomberg survey see about a 60% chance of recession in the coming year as an aggressive campaign of interest-rate increases hits the economy.

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