Goldman Sachs Retracts Recession Forecast, Boosting Financial Market Optimism!
Jakarta, Pintu News – Goldman Sachs, one of the leading financial institutions, has canceled its economic recession prediction. This decision comes after President Donald Trump announced a 90-day suspension of planned new tariffs.
This step was taken to ease tensions arising from the escalating trade war.
Previously, analysts from Goldman Sachs had changed their prediction to a recession scenario after the Trump administration announced the implementation of specific new tariffs against several countries.
Check out the full news below!
Market Reaction and Economic Growth Projections
President Trump’s announcement had an immediate impact on global financial markets. Bitcoin surged past $82,000, while the Nasdaq index approached a 10% gain, recovering from its worst decline since the 2008 financial crisis.
The yield on 10-year US government bonds fell from 4.5% to 4.4%. Goldman Sachs now projects moderate GDP growth of 0.5% in the fourth quarter of 2025 and expects three interest rate cuts by the Federal Reserve starting in June.
Also read: Bitcoin Price Spike Triggers $573 Million Crypto Liquidation, Here’s the Analysis!
Tariff Policy Details and Impacts
In a post on Truth Social, Trump stated that several countries had begun talks on trade and currency, which was the reason for the tariff suspension.
The counter tariff was temporarily lowered to 10% as part of the new policy. However, tariffs on imports from China were raised to 125% effective immediately. This move is expected to bring some stability in the upcoming trade negotiations.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference
- Crypto News. Goldman Sachs Scraps Recession Forecast as Trump Pauses Tariffs. Accessed on April 10, 2025
- Featured Image: Zenger
