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%.
  • CharlesDarwin@lemmy.worldEnglish
    17·
    3 days ago

    This is entirely a self-own by donvict and his stupid sycophants. He was handed an economy that had so many great indicators and within mere weeks, was able to fuck it up.

    Heckuva job, donnie.

    • futatorius@lemm.ee
      2·
      3 days ago

      Sabotaging the US economy and destroying the power of the US and EU were the jobs Trump was put in to do.