A day earlier, Goldman economists a report saying the U.S. economy is less prone to recession than in the past. The economists think the current economy is better built to absorb the kind of shocks that would typically trigger negative growth.
“I wouldn’t be tremendously surprised if this cycle ran longer than everyone expects,” Solomon said. “Generally, we don’t worry ourselves into a recession. There’s really no precedent for that.”
– CNBC’s
Jeff Cox
contributed to this report.
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