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Sunday, August 07, 2011

US at risk of recession - Goldman Sachs


Goldman Sachs, in a bearish forecast, expects 2 percent growth in the U.S. for the next few quarters and a "significant risk, one in three, that we will go back into recession," senior economist Jan Hatzius told CNBC Friday.

"We have seen enough over the last two months to come to the conclusion that in the first half the underlying pace of growth was pretty disappointing, even if you adjust for [the disruptions in] Japan and adjust for fiscal policy," he said.

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