Economics
Goldman Sachs Says Defy ‘Mr. Market’ as Recession Risk Still Low
Bank sees a 25% risk of developed world recession in next year
Seven Banks Reduce S&P Year-End Targets
This article is for subscribers only.
Goldman Sachs Group Inc. is betting “Mr. Market” is wrong in its recession warnings.
While sliding stocks, declining long-term bond rates and higher credit yields are sounding the alert, the New York-based bank’s economics team led by Jan Hatzius is more confident about the outlook for the developed world.