Goldman Sachs Withdraws Recession Prediction After Trump Pauses Tariffs

Goldman Sachs Group economists reportedly issued a note predicting a recession due to new U.S. tariffs and then retracted that forecast a little over an hour later after President Donald Trump paused the reciprocal tariffs.This happened Wednesday (April 9) and reflected the challenges analysts and investors face in making decisions as the administration’s trade policy evolves, Bloomberg reported Wednesday.In its initial note, the Goldman Sachs team said there was a 65% chance of a recession in the next 12 m ...