Goldman Sachs stated on Monday that he now sees a 25% chance that USA enter a recession in the next 12 months, compared to the 35% forecast previously.
“Continued strength in the labor market and early signs of improvement in business surveys suggest that the risk of a short-term recession has eased markedlythe bank said in a research note.
The forecast update comes after Friday’s report showed US job growth slowing. accelerated sharply in Januarywhile the unemployment rate hit its lowest level in 53 1/2 years (3.4%), pointing to a stubbornly tight job market.
Economists polled by Reuters in December put the probability of a recession in 2023 at 60%.
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