Bloomberg News

U.S. Will Probably Avoid a Recession, Goldman Sachs Says

October 02, 2011

Oct. 3 (Bloomberg) -- The U.S. economy will probably avoid falling into recession, though the risks that it could are “high and rising,” according to Goldman Sachs Group Inc.

Recent data on gross domestic product are mildly encouraging and the U.S. housing market has “probably reached a floor,” Zach Pandl, senior economist at Goldman Sachs in New York, wrote in the report dated Sept. 30.

To contact the reporter on this story: Wes Goodman in Singapore at wgoodman@bloomberg.net

To contact the editor responsible for this story: Jonathan Annells at jannells@bloomberg.net


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