The US has an 85% chance of avoiding a recession in the next year, Goldman Sachs' chief economist says

• The US has an 85% chance of avoiding a recession in the next year, according to Jan Hatzius.
• The chief economist of Goldman Sachs pointed to resilient growth in the US economy.
• The odds of a recession have fallen to what they are any given year, he estimated.

The US will most likely avoid a hard landing in the next year, according to Goldman Sachs' Jan Hatzius.

Speaking to CNN on Wednesday, the chief economist of the investment bank estimated the US has now just 15% chance of tipping into a recession in the next twelve months. That would be considered the "average" probability the economy slips into recession any given year, he said, given that the US has historically seen a recession once every seven years.