Throughout 2022, investment banks, economists, and billionaire investors have warned that a recession is on the way as the Federal Reserve battles inflation with interest rate hikes. And recently, the doomsday predictions for the economy have heated up. Greg Jensen, the co-chief investment officer of the world’s largest hedge fund, Bridgewater Associates, said earlier this month that a recession of “double the normal length” could begin next year because of stubborn inflation and hawkish central banks.
And Nouriel Roubini, professor emeritus at New York University’s Stern School of Business and the CEO of Roubini Macro Associates, even told Fortune that a “variant of another Great Depression” could be on the way as the global economy grapples with a string of interconnected “MegaThreats.” But Goldman Sachs’ economists are standing by their optimistic outlook for the U.S. economy, even if their CEO isn’t.
