Economics
Goldman Sachs Doesn't Share Wall Street Fears of 2020 Recession
- Goldman economists see a 36% chance of U.S. slump in 3 years
- Billionaire Ray Dalio sees a downturn as tax jolt fades
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Goldman Sachs Group Inc. economists are proving more relaxed than Wall Street rivals about the risks of a U.S. recession come 2020.
While Bridgewater Associates Inc. and JPMorgan Chase & Co. are starting to fret that tighter fiscal and monetary policies will create problems for the world’s biggest economy in two years’ time, Goldman Sachs sees just a 36 percent chance of recession over the next three years. That risk is below the historical average.