Goldman Sachs increases recession probability, warns of further downgrade if more tariffs take effect
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 […]