Goldman Sachs economists said Wednesday afternoon that a recession is no longer their base case following Trump’s tariff pause. “We are reverting to our previous non-recession baseline forecast with GDP growth of 0.

Goldman Sachs Group Inc. economists said they now see a 65% chance of a US recession in the next 12 months, citing President Donald Trump’s tariffs on US trading partners.

The U.S. stock market has been experiencing turbulence since the announcement of U.S. tariffs last week, and April 8 was no exception. Stocks fell, once again, ahead of the U.S.'s next tariff deadline that will have a cumulative tariff of 104% put on China. The Dow Jones Industrial Average went ...