Investment bank Goldman Sachs raised the odds that the United States will enter a recession in the coming months, in part due to the Trump administration’s tariffs.
In a report released Sunday, Goldman Sachs analysts said that the U.S. economy has a 35 percent chance of entering a recession within the next 12 months, up from its forecast of 20 percent earlier this month.
“The upgrade from our previous 20 percent estimate reflects our lower growth baseline,” the analysis said, citing a recent downward trend in “household and business confidence” as well as statements from the White House officials that suggest a “greater willingness to tolerate near-term economic weakness” to pursue their economic agenda....
