Goldman Sachs Cuts U.S. Recession Odds to 20% Amid Improving Economic Signals

Goldman Sachs has revised its forecast for a U.S. recession, reducing the probability to 20% just after it had raised it earlier this month. According to a report by Jenni Reid for CNBC, this adjustment comes in response to recent labor market data, prompting a reassessment of the U.S. economic outlook. Per the CNBC article, […] source: https://www.cryptoglobe.com/latest/2024/08/goldman-sachs-cuts-u-s-recession-odds-to-20-amid-improving-economic-signals/