Goldman Sachs' Hatzius cuts U.S recession probability to 25%

Goldman Sachs Jan Hatzius cuts the probability that the US economy will enter a recession in the next 12 months from 35% to 25%.

"We have cut our subjective probability that the US economy will enter a recession in the next 12 months from 35% to 25%, less than half the 65% consensus estimate in the latest Wall Street Journal survey," Hatzius said.

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