Goldman Sachs analysts, in an unexpected turn after Donald Trump’s announcement of a pause in the application of wide tariff recession.
The analysts pointed out that, shortly before the 1 PM they had raised their recession forecast to a 65% probability in the next 12 months, with 1% GDP growth. However, shortly after 2 pm, they reduced that probability at 45%, with an estimated GDP growth in 0.5%, to incorporate the impact of the 90 -day break ordered by Trump to dozens of countries.
In their updated forecast, Goldman analysts stressed that the last tariff package “probably adds something close to our previous expectation of an increase of 15 percentage points in the effective tariff rate,” said Financial Times.
Take advantage of the new experience, receive by WhatsApp our enriched digital newspaper. Peru21 Epaper.
Now available in Yape! Find us in Yape Promos.
Recommended video
