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Friday, March 17, 2023

US recession risk is getting higher now!

Goldman Sachs has revised its US recession call upward to 35%.  Is there a validity to this upward revision?

Let's take a look at the recent US Manufacturing Indexes.

NY Empire State Manufacturing Index: -24.6

Philly Fed Manufacturing Index: -23.2
Things don't look good for the US manufacturing industry from the 2 recent indexes.

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