U.S. is approaching recession – Goldman Sachs

The United States is facing a recession because of the increase in already record inflation caused by sanctions against Russia. According to Goldman Sachs, it could occur next year with a probability of of 20 to 35%. The bank has revised down the U.S. GDP growth forecast for the current year. downward. The new estimate is 1.75%, which is 0.25% less previous estimate. Analysts expect a slowdown in growth rates both at the end of the of the first two quarters, as well as the results of the year. Last week the U.S. stock indices ended the previous week in the red, dropping 0.69% to 1.59%. The Fed, according to leading investment strategist at PGIM Quant investment strategist Ed Keon, the Fed will have to balance its actions, to counter inflation on the one hand and avoid a recession on the other. to avoid a recession. The IMF, according to its head Kristalina Georgieva, will publish a new forecast next month. next month will publish a new forecast of global economic growth for the current year. In all likelihood, it will be once again down.