By Admin 
Goldman Sachs Report: Concerns about America’s economy are increasing all over the world. Now Global Investment Bank Goldman Sachs has increased the possibility of recession in America from 35 percent to 45 percent. This is the second consecutive time he has increased this estimate in a single week. It is being told that the reason behind this is the growing trade war between the US and the other countries and the huge tariff imposed by the Trump government.
Possibility of recession all over the world
US President Donald Trump announced a strict tariff on April 2, which has created a stir not only in the US but also the global market. There was a huge decline in the stock markets and after this, one investment banks started fearing a recession. JP Morgan says that the possibility of recession in America and all over the world has reached 60 percent.
Trump’s tariff can not only increase inflation in the US, but countries like China can retaliate, which is a threat to deteriorating. Goldman Sachs has reduced the US’s economic growth rate from 1.5 per cent to 1.3 per cent for 2025. At the same time, JP Morgan’s estimate is more worrying. They believe that in 2025 the US economy can shrink up to 0.3 per cent.
Trade war fire now reached American economy
Now it is an eye on the American Central Bank Federal Reserve (FED). Goldman Sachs hopes that the Fed will start cutting interest rates from June and may have a cut of 25 basis points three times in a row. JP Morgan and Wells Fargo also now believe that interest rates can decrease three to five times in 2025, so that the market can be supported.
In a way, the fire of trade war has now reached the American economy. If this is the case, then financial difficulties for the whole world can increase. Countries like India will have to make a smart strategy in this situation, so that the impact of global slowdown is reduced and new opportunities can be discovered.
Also read: Petrol Diesel Price: Petrol-diesel is becoming cheaper in international market … Then why did Modi government increase the price!