Goldman Sachs economist had cut their probaility call of the United States entering a recession in the next 12 months earlier this month.
They've issued a note today affirming this. Its not new info.
Goldman Sachs were at 35% but now assesses the probability at 25%
- down from a previous 35% forecast
GS cite:
- continued strength in the labor market
- early signs of improvement in business surveys
suggest that the risk of a near-term slump has diminished notably
