Goldman Sachs raised the Likelihood of a US Recession

Business | March 16, 2023, Thursday // 10:06
Bulgaria: Goldman Sachs raised the Likelihood of a US Recession @Pix4free

Goldman Sachs Group said the probability that the United States will enter a recession this year now stands at 35 percent, compared with 25 percent in the big investment bank's previous forecast.

The bank noted that the upwardly revised likelihood reflects "increased near-term uncertainty around the economic effects of the stress on small banks."

In February, Goldman Sachs said a US recession was unlikely due to "continued strength in the labor market and early signs of improvement in business surveys".

At the same time, Goldman Sachs upgraded its outlook for China's economy in 2023, now expecting China's gross domestic product (GDP) to grow 6 percent year-on-year, up from a previous forecast of 5.5 percent expansion.

Follow on Twitter and Facebook

Write to us at

Информирайте се на Български -


We need your support so can keep delivering news and information about Bulgaria! Thank you!

Business » Be a reporter: Write and send your article
Tags: Goldman Sachs, US, recession, bank

Bulgaria news (Sofia News Agency - is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." (Sofia News Agency - and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria