Goldman Sachs Chief Economist Jan Hatzius said in a final note on Thursday, “we don’t expect a recession“quoting”a 35% chance of recession“.
Additional comments
“Our baseline is a soft landing“.
“We don’t see the economy losing jobs monthly at all this year.”
“Monthly payroll growth could fall below 100,000.”
“We expect inflation of between 2% and 3% by the end of this year or in 2024.”
“I think inflation has peaked quite clearly“.
“If there were any doubt about the ability or willingness of the US government to make interest and principal payments on time, that could have very, very adverse consequences.”
“That’s the concern: turmoil in financial markets, a major tightening of financial conditions, and that adding to downward pressure on economic activity..”
“That’s the concern. It’s not our expectation. … We believe that in the end a solution will be found“.
“These solutions are often found at the last minute.“.
Source: Fx Street

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