Bloomberg News

Hatzius Says He Sees Euro Zone in a ‘Significant Recession’

January 04, 2012

Jan. 4 (Bloomberg) -- Jan Hatzius, chief economist for Goldman Sachs Group Inc., said today that he sees the 17-nation euro area in a “significant recession” and that he sees the possibility of renewed financial instability in Europe.

Hatzius spoke in an interview with CNBC television. He predicted “more of the same” for the U.S. economy.

To contact the editor responsible for this story: Kevin Costelloe at kcostelloe@bloomberg.net


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