US should prepare for recession: Goldman Sachs senior chairman Lloyd Blankfein - Economic Times

Goldman's economic team, led by Jan Hatzius, now expects U.S. gross domestic product to expand 2.4% this year, down from 2.6%. It reduced its 2023 estimate to 1.6% from 2.2%.

Goldman Sachs Senior Chairman Lloyd Blankfein urged companies and consumers to gird for a US recession, saying it's a "very, very high risk." "If I were running a big company, I would be very prepare… [+1270 chars]

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