Goldman: Tariffs Could Slow US Growth to 1.1% Through 2025
In a recent client note, Goldman Sachs’ chief economist Jan Hatzius warns that the escalation of tariffs under President Trump is likely to exert significant downward pressure on the U.S. economy. After a 0.5% annualized contraction in gross domestic product during the first quarter, despite a modest 0.5% increase in consumer spending, Goldman projects that … Read more