Goldman Sachs Research economists expect the second Trump administration to bring higher China and auto tariffs, much lower immigration, some fresh tax cuts, and regulatory easing. If so, they forecast that the US economy will grow 2.5% in 2025, outperforming consensus expectations and other DM economies for the third year in a row. According to the economists, the biggest risk is a large across-the-board tariff, which would likely hit growth hard.
- Macro Outlook 2025Tailwinds (Probably) Trump Tariffs
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The Goldman Sachs Group Inc. published this content on November 20, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on November 20, 2024 at 15:23:01.783.
