Tariff Trouble: Why Goldman Sachs Says the Economy Is Slowing Down
11 Articles
11 Articles
Goldman Sachs Is Getting Worried About the Economy
“The U.S. economy is headed into a period of noticeably slower growth thanks to the tariff impact on inflation and, by consequence, consumer spending, according to Goldman Sachs,” CNBC reports. “Economists at the Wall Street firm expect gross domestic product to rise at just a 1.1% annual pace through 2025 ‘as the growing real income drag from tariff-related price increases offsets the boost from easier financial conditions.’”
Goldman Sachs Sees Trump’s Baseline Tariff Rate Rising to 15%
Economists at Goldman Sachs Group Inc. expect the US baseline “reciprocal” tariff rate will rise from 10% to 15%, with a 50% levy on copper and critical minerals — an outcome that threatens to fuel inflation and weigh on economic growth.
Goldman Sachs sees Trump’s baseline tariff rate rising to 15%
Economists at Goldman Sachs expect the US baseline “reciprocal” tariff rate will rise from 10 to 15 per cent, with a 50 per cent levy on copper and critical minerals, an outcome that threatens to fuel inflation and weigh on economic growth.
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