According to Lotfi Karoui, a strategist at Goldman Sachs, there will be three more rate in 2023, but they won't cause the economy to contract; rather, they'll slow growth.

Source: https://seekingalpha.com/article/4582344-voog-time-to-buy-huge-long-term-gains?source=feed_all_articles

Relative to 15 years ago, the sector's fundamentals were stronger and the global systemic linkages weaker - a trend that greatly limited the risk of a potential vicious circle of counterparty credit losses, Karoui noted.

Source: https://www.marketscreener.com/quote/stock/BNP-PARIBAS-4618/news/Goldman-Sachs-cuts-outlook-for-European-bank-debt-over-Credit-Suisse-crisis-43278034/?utm_medium=RSS&utm_content=20230318