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Goldman Sachs increases recession probability, warns of further downgrade if more tariffs take effect
2025-04-22 16:45:04| Spiritual Career Counseling
close video CEO warns Navarro nuclear approach to tariffs is going to land US squarely in a recession Altimeter Capital founder, Chairman and CEO Brad Gerstner gives his take on the reaction to President Donald Trumps tariff announcement and the prospects for a recession. Goldman Sachs updated its recession forecast on Sunday to increase the probability of a recession amid President Donald Trump's tariff war, adding that its analysis may be downgraded further if more tariffs take effect. Economists led by Jan Hatzius wrote in a note titled "Countdown to Recession" that they're increasing their 12-month recession probability from 35% to 45%. They also cut their gross domestic product (GDP) growth forecast for 2025 to 0.5% from Q4 to Q4, citing a "sharp tightening in financial conditions, foreign consumer boycotts, and a continued spike in policy uncertainty that is likely to depress capital spending by more than we had previously assumed."The Goldman economists said that their baseline...
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