SVB collapse: Goldman Sachs raises US recession odds following dip in bank stocks

Rachel Schilke

March 16, 08:41 AM March 16, 08:46 AM

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Goldman Sachs raised the chances of a recession in the United States to 35%, up 10 percentage points from its previous prediction, in the aftermath of Silicon Valley Bank‘s collapse and a dip in stock futures for large U.S. banks.

The bank released its recession odds on Thursday, “reflecting increased near-term uncertainty around the economic effects of small bank stress.”

This story is breaking and will be updated.