Goldman Sachs: 35% chance Trump policies will spike inflation, lead to recession
Government
March 31 (UPI) -- Investment bank Goldman Sachs has warned that U.S. President Donald Trump 's sweeping new tariffs may spike inflation and shrink the economy in coming months to the point of a recession. On Sunday, the financial giant said it "continues to believe the risk from April 2 tariffs is greater than many market participants have previously assumed" and estimated a 35% chance of a Trump recession in the next 12 months, up from its previous outlook of 20%. Advertisement "The increase
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