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Story summary
- Goldman Sachs Group, Inc., the investment bank, revised its United States recession probability to 30% within a year, citing energy prices and tensions linked to the United States–Iran conflict.
- The update signals waning market confidence in a soft landing.
- The bank warns that high rates and inflation could suppress demand and erode purchasing power.
- Investors are advised to focus on risk diversification as uncertainty around inflation and growth persists.
