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The odds of a US recession have shortened, Goldman Sachs said.

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  • There's now just a 25% chance the US suffers a recession within 12 months, Goldman Sachs said Monday.
  • Surging job numbers contributed to the bank revising its forecast down from odds of 35%.
  • The US added a better-than-expected 517,000 jobs in January, according to data released Friday.

There's now just a 25% chance the US economy slips into a recession over the coming year, according to Goldman Sachs.

A combination of surging job numbers and steadily improving business sentiment led to the upgrade in forecast, the bank's economists said in a research note Monday. Previously, they saw 35% odds of an economic downturn within 12 months.

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The odds of the US slipping into recession are now just 25% thanks to a surge i…