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Goldman Sachs trims 12-month U.S. recession probability to 30 per cent
Goldman Sachs on Thursday trimmed its U.S. recession probability to 30 per cent from 35 per cent for the next 12 months on easing uncertainty around President Donald Trump’s tariff policies after the U.S. and China affirmed a trade deal. Earlier this week, negotiators from Washington and Beijing agreed on a framework covering tariff rates with the deal seeing removal of Chinese export restrictions on rare earth minerals and giving Chinese students access to U.S. universities. Investors breathed a sigh of relief following the deal and easing concerns of an economic recession, after Trump’s Liberation Day tariffs ... (full story)