Goldman Sachs says U.S. recession is not a foregone conclusion
November 8, 2022
Goldman Sachs sees a 35 percent chance of the U.S. economy going into a recession over the next 12 months. The investment bank points to slowing job and wage growth as the most encouraging signs that the national economy will continue to seek out gains. “We still see a very plausible non-recessionary four-step path from the high-inflation economy of the present to a low-inflation economy of the future,” wrote Goldman Sachs chief economist Jan Hatzius in a report.
Recent News
Best and Fastest-Selling New Cars in 2024 Ranked
In a recent study by iSeeCars, Toyota emerged as the fastest-selling new car brand from October 2023 to March 2024.
Honda Invests $11 Billion in Canadian EV Hub
Honda Motor, in partnership with undisclosed joint venture collaborators, has announced an $11 billion investment in Ontario, Canada, to establish a robust electric vehicle infrastructure.
Young Affluent Consumers Embrace Luxury Sleep Brands
A rising trend among young affluent consumers is the integration of luxury sleep brands.
Aramark Workers Strike Again at Wells Fargo Center
Aramark workers at the Wells Fargo Center have gone on strike to demand better wages and health care benefits.