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%.
  • Buffalox@lemmy.world
    7·
    8 days ago

    Trump is trying to harm the economy of all the allies of USA, because reasons.
    The strategy is to commit economic suicide, to prove the dependency on USA.

    The plan is flawless if you don’t give a shit about anything, except creating attention for yourself.