A broad, negative impact will be felt in the economy when the new trade moves are enacted, the Goldman economic team believes.

KEY POINTS

  • Goldman Sachs expects aggressive duties from the White House to raise inflation and unemployment and drag economic growth to a near-standstill.
  • In a note Sunday, the firm said “we continue to believe the risk from April 2 tariffs is greater than many market participants have previously assumed.”
  • The firm raised its forecast for inflation this year to 3.5%, cut its GDP outlook to just 1% and raised its unemployment view to 4.5%.
  • Baguette@lemm.ee
    9·
    2 months ago

    I mean lots of companies are declaring bankruptcy already

    • forever21
    • 23andMe
    • hooters
    • party city (2024)
    • joann
      • Halosheep@lemm.ee
        3·
        2 months ago

        Seriously, all of those companies listed have various quality issues that seem to stem for poor policy and a ‘profit at all cost’ mentality.

        Ever been to a hooters that didn’t have a parking lot that was falling apart, or tables and machines that look to have been needing repairs for years? The details might not matter to every consumer, but I know I’d rather visit the restaurant that at least tries to keep up appearances.

        • nomy@lemmy.zipEnglish
          2·
          2 months ago

          Wow I’d never considered that with Hooters but now that you mention it, every Hooters I’ve been in (only 2 of them) has been kind of dark and dirty looking like a 1980s era Pizza Hut.