Goldman Sachs predicts that there is about a 35% chance the economy will fall into a recession during the next two years.
Despite speculation among some economists that a recession is on the horizon, Goldman Sachs strategists, led by David Kostin, said in a Wednesday research report that a recession “is not inevitable.”
The Dow is down more than 14% since the start of the year, the Nasdaq is off nearly 28%, and the S&P 500 has fallen about 18.2%. JPMorgan Chase strategist Marko Kolanovic also said he doesn’t think that the economy will sink into a recession. He said that stock prices, while cratering right now, will bounce back up and expressed doubt about the chance of a recession.
“We regard it ... as highly likely that the Fed will have to step on the brakes even more firmly, and a deep recession will be needed to bring inflation to heel,” Deutsche Bank economists said in a report.
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