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NOTHING IS PERMANENT EXCEPT CHANGE

Recession risk is “muted” and below average even three years from now, according to Goldman Sachs economists. The 36 percent chance of a recession within three years is below historical averages. If the U.S. falls into recession, there’s a greater chance other countries will as well.  

China could switch to other tactics like barring U.S. service sector companies or intentionally driving down the value of its currency, Goldman Sachs economists said. The U.S. is threatening to put tariffs on $150 billion of Chinese goods, but China can’t retaliate in kind because it imported only $131 billion in U.S. goods last year. […]