Sports

Goldman Sachs raises odds of US recession to 45%

Goldman Sachs has raised the odds of a U.S. recession to 45% in the next 12 months, joining other investment banks in revising their forecast as fears of a trade war grip markets after sweeping tariffs from U.S. President Donald Trump. Goldman raised the probably of a recession in the next 12 months from a previous estimate of 35% following a sharp tightening in financial conditions and a rise in policy uncertainty that is likely to depress capital spending by more than what Goldman had previously assumed. Several investment banks raised their recession risk forecasts last week, with J.P. Morgan putting the odds of a U.S. and global recession at 60%.

Goldman Sachs has raised the odds of a U.S. recession to 45% in the next 12 months, joining other investment banks in revising their forecast as fears of a trade war grip markets after sweeping tariffs from U.

S. President Donald Trump. Goldman raised the probably of a recession in the next 12 months from a previous estimate of 35% following a sharp tightening in financial conditions and a rise in policy uncertainty that is likely to depress capital spending by more than what Goldman had previously assumed.

Several investment banks raised their recession risk forecasts last week, with J.P. Morgan putting the odds of a U.

S. and global recession at 60%..