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Most economists are expecting a recession to hit the U.S. in the next 12 months and company earnings growth to become stagnant in 2023, but Goldman Sachs is much more optimistic.
While economists polled by the Wall Street Journal forecast a 54% chance that the U.S. would see a recession in the next 12 months, Goldman Sachs recently lowered the chance of it happening to 20% from 25%.
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