A broad, negative impact will be felt in the economy when the new trade moves are enacted, the Goldman economic team believes.

KEY POINTS

  • Goldman Sachs expects aggressive duties from the White House to raise inflation and unemployment and drag economic growth to a near-standstill.
  • In a note Sunday, the firm said “we continue to believe the risk from April 2 tariffs is greater than many market participants have previously assumed.”
  • The firm raised its forecast for inflation this year to 3.5%, cut its GDP outlook to just 1% and raised its unemployment view to 4.5%.
  • Monkey With A Shell@lemmy.socdojo.comEnglish
    31·
    3 days ago

    Glad to know that GS is catching up with every other financial advisor and most of the logical everyday people who understand that making things more expensive tends to make people’s financial situation worse.