Topline Goldman Sachs on Thursday said it sees a higher probability of the U.S. facing a recession in the next 12 months, following the recent collapse of Silicon Valley Bank and concerns about its impact on the broader banking sector. File Photo – Goldman Sachs is now forecasting a 35% chance of a U.S. recession in the next 12 … [+] months.Copyright 2016 The Associated Press. All rights reserved. Key Facts Goldman analysts are now forecasting a 35% chance of a U.S. recession in the next 12 months—up from their earlier prediction of 25%. In its research note, the investment bank said its revised estimate is in response to “increased near-term uncertainty around the economic effects of the stress on small banks.” Thursday’s move is a reversal from last month, when Goldman had lowered its forecast from 35% to 25% and said that a recession in the U.S. was unlike… Click below to read the full story from Forbes
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