ALERT: WE HAVE *NEVER* SEEN ANYTHING LIKE THIS
Goldman Sachs reversed its recession forecast just moments after President Donald Trump announced a 90-day pause on his “Liberation Day” tariffs.
The investment giant had raised its recession outlook to a 65% probability earlier in the day following the rollout of country-specific tariffs, which briefly rattled markets. But after Trump’s surprise announcement to scale back the trade war, Goldman economists backtracked almost immediately, dialing the probability down to 45% and restoring their prior GDP growth forecast of 0.5%. (RELATED): Trump Announces 90-Day ‘Pause’ On Tariffs, With A Catch
“Earlier today, before President Trump’s announcement, we had shifted to a recession baseline in response to the additional country-specific tariffs that went into effect this morning,” Goldman Sachs team of economists said, according to Bloomberg. The report is not yet…
