Goldman Sachs Predicts 20 Percent Chance of US Recession Following Economic Indicators
Monday, 19 August 2024, 05:11
Goldman Sachs Lowers Recession Outlook
Goldman Sachs has revised its prediction for the likelihood of a looming recession in the United States, decreasing the odds from 25 percent to 20 percent.
Key Economic Indicators Driving Change
- Jobless Claims: Recent weekly jobless claims showed improvement, indicating stability in the job market.
- Retail Sales: Retail sales figures have pointed towards increased consumer spending, bolstering economic confidence.
These developments lead experts to reconsider potential recession fears.
Implications for the Economy
The drop in recession odds signals a potentially positive economic outlook, with Goldman Sachs suggesting that the economy may be more resilient than previously thought.
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.