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Goldman Sachs Slashes U.S. Recession Odds  

Goldman Sachs economists have concluded that labor-market robustness and signs of growing business confidence have reduced the chances that the U.S. economy will go into a recession in the next year. So reports Business Insider.

Goldman SachsIn a recent research note, a strategist team led by Jan Hatzius cut its odds of a recession in the next 12 months to 25%, down from 35%.

The economists added, “Progress on price inflation has been particularly rapid in recent months.”

Read the full article from Business Insider.

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