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%.
  • Halosheep@lemm.ee
    2·
    4 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.