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Goldman Sachs warns of economic downturn under Trump’s leadership
Goldman Sachs has shared a disturbing outlook! According to its currency strategists, the US economy could face a significant downturn under President Donald Trump.
Earlier, analysts at the bank described the state of the American economy as "fragile," noting that the "mix of changes" proposed by the new president could either accelerate or slow economic growth in the country.
The US economy is currently in a state of uncertainty. However, some Goldman Sachs analysts remain optimistic, believing that the deregulation promised by Trump could attract significant investment. In addition, the bank is hopeful for the revival of tax breaks that could stimulate the national economy.
On the other hand, Goldman Sachs is concerned about the potential negative consequences of some of Trump's initiatives, such as tightening immigration policies, deporting millions of illegal immigrants, and imposing tariffs on imports. According to the bank, it is crucial to strike a balance in the implementation of these plans to avoid stalling the nation's economic growth.
Experts previously predicted that the mass deportation of low-wage, illegal workers from the United States could seriously disrupt the labor market, creating a significant imbalance between supply and demand for workers. Against this backdrop, Wall Street analysts expect the dollar to extend gains once Trump's initiatives are implemented.
© InstaFintech Group
