Kim Perales"We have downgraded our 2025 US GDP growth forecast from 2.4% at the start of the year to 1.7% now (both on a Q4/Q4 basis). ...The reason for the downgrade is that our trade policy assumptions have become considerably more adverse and the administration is managing expectations towards tariff-induced near-term economic weakness."
-Goldman Sachs
Wall Street is telling the #TrumpMusk regime that its approach is wrong, it must make an about face.
#Recession #Tariffs #USPol https://www.bbc.com/news/articles/cz61nn99eg1o
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