Goldman Sachs has increased its forecast of a U.S. recession to 45%, also slashing the economic growth expects to 0.5% as President Donald Trump's tariffs roil markets and spread uncertainty in the global economy.
In a note titled "US Daily: Countdown to Recession," the bank said it is increasing the probability of a downturn by 10 percentage points, from 35% to the current 45%. It cites "a sharp tightening in financial conditions, foreign consumer boycotts, and a continued spike in policy uncertainty" as a result of the tariffs announcement.
