CFD News

US economy seen tipping into recession in 2023 – Goldman Sachs

Vintage style

Speaking at a Wall Street Journal (WSJ) match on Tuesday, Goldman Sachs Chief Executive Officer (CEO) David Solomon said that he sees about 65% odds of the US economic system coming into a recession in 2023.

Key quotes
“Probability of a “soft landing”, that is, a slowdown in inflation that would not tip the economic system into recession for the US financial system at 35%.”

“I would outline a smooth touchdown as we get inflation lower back shut to 4% inflation, perhaps we have a 5% terminal price and we have 1% growth”

“I suppose there is a lifelike opportunity we should navigate a situation like that.”

“But I additionally assume there may be a very real looking opportunity that we should have a recession of some kind.”

He stated “stocks will be lower, oil decrease and the US Dollar to upward thrust slightly.”

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