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Goldman Sachs is the latest Wall Street firm to grow more concerned about the path forward for the US economy as President Trump's tariff policies become reality.
In a research note on Monday, Goldman's economics team led by Jan Hatzius slashed its 2025 GDP forecast to 1.7% from 2.4%.
"The reason for the downgrade is that our trade policy assumptions have become considerably more adverse," Hatzius wrote.For the first time in more than two years, Goldman Sachs has moved its GDP forecast below c...
>>> Read more: Goldman Sachs slashes US economic forecasts as tariff impacts grow 'considerably more adverse'
In a research note on Monday, Goldman's economics team led by Jan Hatzius slashed its 2025 GDP forecast to 1.7% from 2.4%.
"The reason for the downgrade is that our trade policy assumptions have become considerably more adverse," Hatzius wrote.For the first time in more than two years, Goldman Sachs has moved its GDP forecast below c...
>>> Read more: Goldman Sachs slashes US economic forecasts as tariff impacts grow 'considerably more adverse'
