2026-03-23 16:30:52
Goldman Sachs Raises US Recession Probability to 30%, Expects Second Half GDP Growth Below Trend
Goldman Sachs predicts that due to rising energy prices, the probability of a U.S. recession in the next 12 months has risen to 30%. The unemployment rate is expected to reach 4.6% by year-end, the Federal Reserve may cut rates in September and December, and GDP annualized growth will fall below trend. Strait of Hormuz tensions affect global inflation and GDP.