For the first time in two and a half years! Goldman Sachs is more pessimistic about the U.S. economy than the market
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Goldman Sachs has lowered its 2025 U.S. GDP growth forecast from 2.4% to 1.7%. The downgrade is not due to recent data, but rather because the assumptions regarding trade policy have become more unfavorable, and government management is addressing expectations of economic weakness caused by tariffs. It is expected that the average tariff rate in the U.S. will increase by 10 percentage points this year, which is double the previous forecast and about five times the increase during Trump's first term
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