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Goldman Sachs raises its recession odds as Trump sounds more hawkish on tariffs

President Donald Trump has sounded more hawkish on trade in recent days after previously downplaying his plans for new tariffs set to be announced this week, according to a new report. It comes as Goldman Sachs (GS) economists have increased their forecasted odds of a recession over the next 12 months, from 20% up to…Read more...

Mar 31, 2025 - 04:06
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Goldman Sachs raises its recession odds as Trump sounds more hawkish on tariffs

President Donald Trump has sounded more hawkish on trade in recent days after previously downplaying his plans for new tariffs set to be announced this week, according to a new report. It comes as Goldman Sachs (GS) economists have increased their forecasted odds of a recession over the next 12 months, from 20% up to…

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