Goldman Sachs Revises US Recession Probability Down to 20 Percent

The probability could be lowered further if the August jobs report is ‘reasonably good,’ an economist said.

People wait in line to enter the Nassau County Mega Job Fair at Nassau Veterans Memorial Coliseum in Uniondale, N.Y., on Oct. 7, 2014. Shannon Stapleton/Reuters

Investment bank Goldman Sachs brought down the odds of a U.S. recession after recent data showed no signs of such an impending economic transition.

Earlier in August, Goldman Sachs raised the odds of a recession in the United States to 25 percent from 15 percent following a report that the July unemployment rate had hit a three-year high.