Goldman Sachs raises recession odds to 25 percent amid rising economic pressures
Goldman Sachs raises recession odds to 25 percent amid rising economic pressures
- Goldman Sachs increased its recession probability estimate for the US to 25 percent following weak job growth and rising oil prices.
- The firm noted that job creation is barely above zero, indicating economic instability and potential layoffs.
- These economic pressures are likely to reduce consumer spending and heighten the risk of recession.
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