Trade war fears put S&P 500 index in ‘bear market’ territory,
as Goldman Sachs raises chances of US recession to 45%
Goldman has lowered its 2025 growth forecast from 1.0% to 0.5%,
due to fears that Donald Trump will raise tariffs by much more than it had expected.
In a note titled “US Daily: Countdown to Recession”,
Goldman also lifted its 12-month recession probability from 35% to 45%,
following “a sharp tightening in financial conditions, foreign consumer boycotts, and a continued spike in policy uncertainty” following Trump’s tariff announcements.
Goldman analysts explain that they had expected the White House to announce a more aggressive tariff at first and then scale it back;
instead, the new tariffs scheduled for 9 April would raise the effective tariff rate by more than expected.
https://www.theguardian.com/business/blog/live/2025/apr/07/global-stock-markets-brace-donald-trump-us-tariffs-business-live-updates-news?CMP=Share_iOSApp_Other
Chuck Darwin /
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2025-04-07 14:13:11
Author Public Key
npub19ncnrqv5jlr30yecrmz2q8vkazglh6gemx8qsmcd78hh5pdstnysrxt4wfPublished at
2025-04-07 14:13:11Event JSON
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