BRICS: Goldman Sachs Makes Major US Recession Prediction
Leading global investment bank Goldman Sachs has updated its US Recession prediction. The forecast has gone from bad to worse indicating that the US markets could crash similar to the 2008 financial crisis. The Goldman Sachs prediction comes at a time when the BRICS alliance is looking to bring the US economy down. Also Read: BRICS : Idea of De-Dollarization Is ‘Non Sense’: Analyst Goldman Sachs has increased its Recession risk from 15% to 25% for the US economy and stock market. That’s a sharp increase indicating that the worst is yet to come for the US economy. If a Recession hits the US, the jobs market will be the first to experience a major decline. Since BRICS is looking to cut ties with the US dollar, their economies could remain safe and be Recession -free. Also Read: Major Country Wants To Join BRICS and Ditch the US Dollar Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. “We continue to see recession risk as li...