Goldman Sachs has again increased the possibility of a recession beginning in the next 12 months, with the investment bank warning on Sunday that its recession odds would hike even further if all of Donald Trump’s planned tariffs take effect this week.
“If so, we expect to change our forecast to a recession,” the Wall Street giant wrote in a research note. It also forecast a 45 percent chance of a recession even if a “large reduction” in Trump’s “Liberation Day” tariff rates takes place.
