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

Goldman Sachs economists have predicted a sluggish fourth quarter for the US economy. Their forecast suggests a mere 0.5% growth compared to the same period in 2024, due to mounting economic pressures such as tariffs and policy uncertainties. While surveys from businesses and consumers hint at an overall slowdown, official data hasn’t yet reflected this trend. Economists believe stronger indicators of recession might emerge by mid to late summer. They acknowledge that recent data suggests a pattern aligning with previous growth slowdowns triggered by specific events, but caution against drawing definitive conclusions based on the limited data currently available.