Goldman Sachs Lowers US Recession Odds Significantly

Sunday, 18 August 2024, 21:47

Goldman Sachs lowers US recession odds to 20% from 25%. Earlier this month, the brokerage had raised these odds due to rising unemployment fears. Following thorough analysis, Goldman Sachs has recalibrated these expectations, providing insights into the economic landscape.

Goldman Sachs Lowers US Recession Odds Significantly

Goldman Sachs Adjusts Economic Forecast

Goldman Sachs has recently announced a reduction in the odds of a U.S. recession, now estimating them at 20% down from 25%. This adjustment follows a previous increase earlier in the month, where the firm raised recession expectations from 15% due to fears surrounding a spike in the unemployment rate that reached a three-year high in July.

Economic Analysis

The brokerage's latest assessment comes as economic indicators have prompted concern over a potential downturn. Analysts at Goldman Sachs emphasized that their latest evaluations aimed to provide clarity within current market dynamics.

Unemployment trends: The unexpected rise in joblessness has created speculation about economic resilience.
Market reactions: Investors are closely monitoring these adjustments to adapt their strategies in light of fluctuating forecasts.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.