{"id":581295,"date":"2023-02-07T00:00:00","date_gmt":"2023-02-07T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/07\/odds-of-us-recession-now-just-25-according-to-goldman\/"},"modified":"2023-02-07T00:00:00","modified_gmt":"2023-02-07T00:00:00","slug":"odds-of-us-recession-now-just-25-according-to-goldman","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/02\/07\/odds-of-us-recession-now-just-25-according-to-goldman\/","title":{"rendered":"Odds of US recession now just 25%, according to Goldman"},"content":{"rendered":"

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<\/span>The odds of a US recession are dwindling, according to Goldman: <\/span>Goldman Sachs has slashed estimates <\/span>for the likelihood of a US recession in the next year to 25% on the back of last week\u2019s stronger-than-expected labor data, falling inflation, and signs of improving business sentiment, <\/span>Bloomberg<\/a><\/span> reports.<\/span> <\/span><\/p>\n

The US investment bank remains the outlier:<\/span> Economists surveyed by Bloomberg last month <\/span>gave a 65% chance of a recession in the next 12 months.<\/span><\/p>\n

AND- Surprise Saudi oil price hike: <\/span>Saudi Aramco has increased the price of its crude for <\/span>buyers in Asia, the US, and Europe despite declining international prices, <\/span>Bloomberg<\/a><\/span> reported. The oil giant raised its Arab Light grade USD 2 a barrel above the regional benchmark for Asian buyers and also hiked all prices for European customers by USD 2. Global oil prices have fallen around 7% this year as tightening financial conditions offset rising demand in post-zero-covid China and western sanctions on Russian crude exports.<\/span><\/p>\n

ALSO WORTH NOTING-<\/span><\/p>\n