Economics
Goldman Sees U.S. Recession Risk as High as 35%, Cuts Forecast
- Recession odds in-line with 20%-35% implied by yield curve
- High oil and agricultural prices to drag on disposable income
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Goldman Sachs Group Inc.’s economists warned the probability of a U.S. recession in the next year may be as much as 35% as they cut their forecasts for growth due to the hit from soaring oil prices and other fallout from the war in Ukraine.