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%.
  • futatorius@lemm.ee
    12·
    3 days ago

    How many of those have been because they’ve been sucked dry by private equity?

    Not that Trump is blameless, but I’d expect the casualties of his sabotage to take longer to surface.

    • Halosheep@lemm.ee
      3·
      2 days ago

      Seriously, all of those companies listed have various quality issues that seem to stem for poor policy and a ‘profit at all cost’ mentality.

      Ever been to a hooters that didn’t have a parking lot that was falling apart, or tables and machines that look to have been needing repairs for years? The details might not matter to every consumer, but I know I’d rather visit the restaurant that at least tries to keep up appearances.

      • nomy@lemmy.zipEnglish
        2·
        2 days ago

        Wow I’d never considered that with Hooters but now that you mention it, every Hooters I’ve been in (only 2 of them) has been kind of dark and dirty looking like a 1980s era Pizza Hut.