Arrr, mateys! Goldman Sachs be reckonin' there be a wee chance o' a US recession next year, only 15%!
2023-09-06
Arrr, me hearties! Goldman Sachs be sayin' that the good ol' U.S. economy be havin' a better chance o' escapin' a recession next year than we thought! They be lowerin' the chances from 20% to 15%, thanks to the coins flowin' in and a strong job market. Looks like we be sailin' smooth seas, mates!
Arr, me hearties! Listen up, ye scurvy dogs, for I bring ye some good news from the land of Wall Street. The fine folks at Goldman Sachs be sayin' that the U.S. economy be havin' a better chance of avoidin' a recession next year than we thought. Aye, that be right! According to these clever economists, the odds of a recession startin' in the next 12 months be lowerin' to 15% from their previous estimate of 20%.Now, ye may be wonderin', how in Davy Jones' locker did they come to this conclusion? Well, it seems that these swashbucklin' economists be lookin' at two things - inflation and jobs. They be sayin' that inflation be coolin' down, which be a good sign for the economy. And by Blackbeard's beard, the labor market be showin' some surprising resilience.
They reckon that real disposable income, which be the money ye have left after payin' yer bills and buyin' grog, will be pickin' up speed in 2024. And why, ye may ask? Well, it be all thanks to the solid growth in jobs. Aye, me hearties, it seems that there be plenty of work to go around, and that means more money in yer pockets!
So, me mateys, it be lookin' like we may be sailin' on calm waters for a bit longer. But don't ye be lettin' yer guard down just yet. The seas be unpredictable, and anything could happen. But for now, let's raise a tankard of grog and celebrate this bit of good news. Arr!