Goldman boosts US recession odds after slashing GDP forecast

Goldman boosts US recession odds after slashing GDP forecast

From finance.yahoo.com

Goldman Sachs (GS) continues to lead the charge in sounding the economic alarm bells as a fresh banking crisis rolls through markets and the economy. The investment bank's chief economist, Jan Hatzius, said Thursday he now sees a 35% chance of a U.S. recession in the next 12-months, up from 25% previously. The increase in odds reflects "increased near-term uncertainty" around the economic effects of small bank stress. A day earlier, Hatzius cut his 2023 GDP forecast by 0.3 percentage points to 1.2% in a new note out Wednesday afternoon. The closely watched economist stands alone on Wall Street at the moment in ... (full story)

this is amazing) USA shows better than expected results. and they still talk about recession

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