The investment bank's chief economist, Jan Hatzius, still sees a slowdown in the fourth quarter. But it will be “shallow and short-lived.”
For the third time since June, Investment bank Goldman Sachs lowered the odds on a recession hitting the U.S. in the next 12 months.
To be sure, Goldman Chief Economist Jan Hatzius still sees a slowdown in the fourth quarter. But it will be “shallow and short-lived,” he said in a Monday note. Economists in a Bloomberg survey see about a 60% chance of recession in the coming year as an aggressive campaign of interest-rate increases hits the economy.
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