Goldman economist sees lower likelihood of recession

02/19/2013 | MarketWatch

The risk of recession has receded during the past few months, and further encouraging signs emerged when tax increases at the dawn of the new year failed to damp spending, Goldman Sachs economist Jan Hatzius says. Also encouraging, Hatzius says, is Republicans' apparent capitulation on trying to use the debt ceiling as a threat to gain more cuts in government spending.

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