NEW YORK, Feb 6 (Reuters) - Goldman Sachs said on
Monday it now sees a 25% probability of the United States
entering a recession in the next 12 months, down from a previous
35% forecast.
"Continued strength in the labor market and early signs of
improvement in the business surveys suggest that the risk of a
near-term slump has diminished notably," the bank said in a
research note.
The updated forecast follows an employment report on Friday
that showed U.S. job growth accelerated sharply in January while
the unemployment rate hit more than a 53-1/2-year low of 3.4%,
pointing to a stubbornly tight labor market.
Economists polled by Reuters in December put a 60%
probability on a recession taking place in 2023.
(Reporting by Davide Barbuscia;
Editing by Sandra Maler)
Messaging: davide.barbuscia.reuters.com@reuters.net))
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