Goldman Sachs forecast recession chance in Australia in the next 12 months as high as 50%

Goldman Sachs forecasts:

• see a 25% chance of a recession in Australia over the next 12 months
• 30-35% in New Zealand

But add that a sharp US downturn would lift those probabilities to 50-60%.

Goldman:

• “Our base case is that Australia and New Zealand will avoid recession,”
• “We are mindful of downside risks, including recessions induced by some combination of weaker global activity, supply-side inflation and tighter financial conditions.”

Info via a Bloomberg report.

---