Goldman Sachs Chief Economist Jan Hatzius comments on recession fears
In brief:
- Says 'false signals' coming from stock market sell offs and credit markets
- Economic indicators are showing little signs of imminent recession in the US, Europe or OECD
- On the contrary, says current business cycle still positive
- He says not to ignore the risks
A few graphs to accompany the argument:
Hatzius on the chance of recession by country, and with a time frame. Kudos for the time frame - its far too easy to say a recession is definitely coming ... I've been hearing it in Australia from the experts for the past quarter century!
