Goldman Sachs Group Inc. lowered its estimate of the odds of a US recession over the next 12 months to 25% based on waning banking-sector stress and the bipartisan agreement to suspend the nation’s debt limit.
The move reverses Goldman’s mid-March upgrade of recession probability to 35% after the collapse of Silicon Valley Bank.
Read More : Goldman Sachs Decreases US Recession Probability to 25% Following Debt Deal