US recession not on the cards – Goldman Sachs Recession UnitedStates Banks GDP
Goldman Sachs Chief Economist Jan Hatzius said in a latest note on Thursday, “we don’t expect a recession”, citing “a 35% chance of a recession.”“Do not see the economy losing jobs on a monthly basis at all this year.”“Expect inflation to 2% to 3% range by late this year or 2024.”“If there were any doubt about the US government’s ability or willingness to make interest and principal payments on time, that could have very, very adverse consequences.
“That is certainly the worry. It’s not our expectation. ... We think ultimately a solution will be found.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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