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Risk of US recession now higher and more front-loaded, warns Goldman

The Goldman economists now see a 30% probability of entering a recession over the next year, compared to 15% previously, and a 25% conditional probability of entering a recession in the second year

Topics
US recession | US economy | Gross Domestic Product (GDP)

Enda Curran | Bloomberg 



Seeking to quell the surge in living costs, the US Federal Reserve accelerated its monetary-tightening campaign last week, executing the biggest interest-rate hike since 1994. (Photo: Bloomberg)
Seeking to quell the surge in living costs, the US Federal Reserve accelerated its monetary-tightening campaign last week, executing the biggest interest-rate hike since 1994. (Photo: Bloomberg)

Group Inc. economists warned the risk of a has grown more likely, and have downgraded their gross domestic product growth forecasts for the .

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First Published: Tue, June 21 2022. 10:32 IST

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