Goldman Sachs: U.S. Economy Will Be Either Be 'Fairly Bad' Or 'Very Bad'

12/06/2010 05:12 am ET | Updated May 25, 2011

"We see two main scenarios," analysts led by Jan Hatzius, the New York-based chief U.S. economist at the company, wrote in an e-mail to clients. "A fairly bad one in which the economy grows at a 1 1/2 percent to 2 percent rate through the middle of next year and the unemployment rate rises moderately to 10 percent, and a very bad one in which the economy returns to an outright recession."


Suggest a correction