Reported about 24 hours ago
Goldman Sachs has revised its 2025 GDP forecast for the US down to 1.7% from 2.4%, citing significantly more adverse trade policy impacts due to President Trump's tariffs. The bank's latest analysis indicates a rise in average US tariff rates and forecasted inflation changes, highlighting concerns about slower economic growth and potential recession risks. Goldman joins other financial institutions in adjusting economic outlooks amid heightened uncertainty.
Source: YAHOO