Jan Hatzius, Goldman Sachs chief economist and head of global investment research, joins ‘Squawk on the Street’ to discuss the latest economic data, the likelihood of a recession, and more….(read more)

BREAKING: Recession News

LEARN MORE ABOUT: Bank Failures

REVEALED: Best Investment During Inflation

HOW TO INVEST IN GOLD: Gold IRA Investing

Goldman Sachs’ Chief Economist Jan Hatzius recently provided some reassurance to investors and the public at large, stating that the risk of a recession in the near future is quite low.

In a recent interview, Hatzius highlighted several key factors that he believes are contributing to the overall stability of the economy. He pointed to the strong job market, robust consumer spending, and solid corporate profits as indicators of a healthy economic environment. Additionally, he noted that the recent trade truce between the United States and China, as well as the accommodative monetary policy from central banks, have helped to mitigate any potential recessionary risks.

Hatzius’s comments come at a time when there is growing concern over a possible economic downturn. With ongoing trade tensions between the US and China, uncertainties surrounding Brexit, and slowing global growth, many analysts and investors have been closely monitoring the potential for a recession.

However, Hatzius’ remarks provide some much-needed optimism. His positive outlook is backed by Goldman Sachs’ own research and analysis, which has led the investment bank to revise its growth forecast for the US economy upwards. While acknowledging that there are still potential risks to the economy, Hatzius maintains that the overall picture remains favorable.

In terms of specific areas of concern, Hatzius acknowledges that trade tensions and geopolitical uncertainties continue to pose potential threats to the economy. However, he remains confident that the recent progress in trade negotiations and the accommodative stance of central banks will help to mitigate these risks.

Overall, Hatzius’ comments provide a sense of reassurance to investors and the public. While it’s important to remain vigilant and mindful of potential risks, his assessment of the current economic landscape suggests that a recession is not imminent. This sentiment can help to alleviate some of the fears that have been driving market volatility in recent months.

As we move forward, it will be important to continue monitoring key economic indicators and developments that could impact the overall health of the economy. However, for now, it appears that the risk of a recession is relatively low, according to Jan Hatzius and Goldman Sachs.