President Trump has responded to news of the first contraction of the US economy since 2022 in an entirely predictable manner: blaming former President Biden.
On Nov 20th, Goldman Sachs expected 2025 growth to be 2.5%, and had just a 15% chance of recession. Now recession is likely, and the most optimistic forecasts for the year are 1.1%-1.2%.
On Nov 20th, Goldman Sachs expected 2025 growth to be 2.5%, and had just a 15% chance of recession. Now recession is likely, and the most optimistic forecasts for the year are 1.1%-1.2%.