President Donald Trump has sounded more hawkish on trade in recent days after previously downplaying his plans for new tariffs set to be announced this week, according to a new report. It comes as Goldman Sachs (GS) economists have increased their forecasted odds of a recession over the next 12 months, from 20% up to…Read more... [...]
Like the gyrations in the stock market, economists have gone back and forth on recession predictions. A year or so ago there was a broad consensus among experts that there would be a recession in 202 [...]
President Donald Trump’s trade war and other policies unpopular abroad are deterring inbound tourism and triggering boycotts that will make a measurable if modest dent in U.S. economic growth, accor [...]
Amid market swings and trade war chaos, at least one top executive sees a light at the end of the tunnel. Goldman Sachs (GS) CEO David Solomon said Tuesday that “things will settle down” after all [...]