Some Economists See Looming Recession, but Goldman Sachs Says

By Kelsey Ramirez

Many economists are predicting the next recession could occur in 2020 or even 2019, but that’s not what Goldman Sachs is predicting.

In an interview with CNBC, Goldman Sachs Chief U.S. Equity Strategist David Kostin said he does not expect a recession will occur that soon.

“Our view at Goldman Sachs is that’s unlikely to be the case, but there’s some risk around that,” Kostin said. “Certainly there’s a possibility you could be in recession [in 2020], and therefore the market would trade on that, but the broad central case is that we’re not and the economy continues to grow at a decelerating rate in ’19-‘20.”

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