Economics

Goldman Sachs Sees 25% to 30% Odds of U.S. Recession

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Goldman Sachs Group Inc. said there’s a 25 percent to 30 percent chance the U.S. economy will fall back into a recession.

“As signs of slower U.S. growth have multiplied, market participants have become worried about the possibility of a double-dip recession,” analysts including Ed McKelvey, Goldman Sachs’s senior U.S. economist in New York, wrote in a note to clients. “The probability is unusually high -- between 25 percent and 30 percent.”