Forecasters predicting high chance of recession in next 12 months

Summary

U.S. stock futures dropped sharply Wednesday evening after Trump announced sweeping global tariffs, including a 10% baseline on all imports and 25% on autos.

As of 6:30 p.m. ET, Dow futures fell 2.43%, S&P 500 futures 3.60%, and Nasdaq futures 4.46%, contrasting with modest gains earlier in the day.

Trump framed the move as “Liberation Day,” but investors and economists raised alarms.

Goldman Sachs now sees a 35% recession risk, citing falling consumer confidence and the administration’s readiness to endure short-term economic pain to advance its trade agenda.

    • Screener@lemm.ee
      6·
      2 days ago

      My only guess is that they remain conservative in their estimates until we start reaching into a second or third quarter of GDP losses.