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Goldman Sachs lowers probability of US recession to 20%
short by Debaroti Adhikary / on Monday, 19 August, 2024
Goldman Sachs has lowered the probability of a US recession within the next year to 20% in its latest note. This comes after the brokerage had increased the probability from 15% to 25% after a jobs report triggered fears of a possible US recession. Goldman said they have reduced the probability over this week's retail sales and jobless claims data.
read more at Moneycontrol