Goldman Sachs Predicts Minimal U.S. GDP Growth in Fourth Quarter

According to Odaily, Goldman Sachs economists forecast that the U.S. GDP will grow by only 0.5% in the fourth quarter compared to the same period in 2024. This prediction is attributed to the pressures from tariffs and policy uncertainties affecting the economy. While surveys from businesses and consumers indicate an economic slowdown, official data has yet to reflect this trend. Economists suggest that clearer signs of a recession may emerge by mid to late summer. They note that recent data developments align with previous event-driven growth slowdowns, but caution that drawing strong conclusions from the currently limited data is premature.