Subscribe to Updates

    Get the latest news from Legacy Medi4!

    Our Picks

    What Is Oil Pulling?

    July 19, 2023

    Top Sweetener Officially Declared a Carcinogen

    July 14, 2023

    Disturbing New Finding Links Cognitive Decline to Dental Hygiene : ScienceAlert

    July 8, 2023

    When the Woods Get Noisy, the Animals Get Nervous

    July 8, 2023
    Facebook Twitter Instagram
    • Privacy Policy
    • Contact Us
    • About Us
    • Disclaimer
    Facebook Twitter Instagram YouTube
    Legacy Medi4Legacy Medi4
    • World News
    • Business
    • Entertainment
    • Health
    • Science
    • Sports
    • Technology
    Legacy Medi4Legacy Medi4
    Home»Business»Goldman Sachs among the most optimistic on Wall Street that U.S. will avoid recession
    Business

    Goldman Sachs among the most optimistic on Wall Street that U.S. will avoid recession

    Todd LivingstonBy Todd LivingstonNovember 18, 2022No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Financial and Technical Analysis Charts for Research Presentations

    The price of MicroStockHub

    Goldman Sachs believes the US could avoid a recession in 2023, putting a minority among Wall Street forecasters, who think a collapse is a possibility.

    According to the investor note put out this week, the money bank thinks there is a 35% chance that the US will face problems. Meanwhile, Goldman estimates that the median projection of Wall Street analysts is around 65%.

    “We think the U.S. recession is less likely than the median forecaster,” Goldman said, backing up that claim with the following chart, which shows the recession at the end of the published forecast:

    See the chart below:

    In addition, the note indicated that Goldman “is above consensus on US growth.” For 2022, Goldman forecasts growth in real US GDP of 1.9% compared to the estimate of 1.8%. The agency continues that outlook until 2023 where it sees GDP growth at 1.0% compared to the consensus of 0.4%.

    More recently, expectations that the Federal Reserve will be able to abandon its anti-inflationary policy, fueled by higher-than-expected inflation numbers last week, have boosted the high volume (SP500), (DJI), (COMP.IND) , and mirroring ETFs (NYSEARCA: SPY), (NYSEARCA: WOW(IVV), (NYSEARCA: SLIDES), and (NASDAQ: QQQ), to retrace their October lows.

    On the other side of the recession argument, Russell Investments believes that the US is not at risk at this point but will likely be at the end of 2023.

    Source link

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Todd Livingston

    Related Posts

    Corsair Gaming bumps 3% as holiday quarter tops forecasts (NASDAQ:CRSR)

    February 9, 2023

    META has rallied more than 40% so far in 2023. Is it still a buy here?

    February 9, 2023

    Analysts stay positive on Google AI after historic value wipeout (NASDAQ:GOOGL)

    February 9, 2023

    Leave A Reply Cancel Reply

    Our Picks

    What Is Oil Pulling?

    July 19, 2023

    Top Sweetener Officially Declared a Carcinogen

    July 14, 2023

    Disturbing New Finding Links Cognitive Decline to Dental Hygiene : ScienceAlert

    July 8, 2023

    When the Woods Get Noisy, the Animals Get Nervous

    July 8, 2023

    Subscribe to Updates

    Get the latest news from Legacy Medi4!

    Our Picks

    What Is Oil Pulling?

    July 19, 2023

    Top Sweetener Officially Declared a Carcinogen

    July 14, 2023

    Disturbing New Finding Links Cognitive Decline to Dental Hygiene : ScienceAlert

    July 8, 2023

    Type above and press Enter to search. Press Esc to cancel.