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Goldman Sachs says the trade war is 'kicking the tires' of growth - and doesn't expect it to spark a recession

26 days ago   |   By Business Insider

Goldman Sachs said the trade war is "kicking the tires" of growth but appears unlikely to spark a recession.
The banking giant said the scale of the growth impact, the Fed's easing, and resilient business sentiment made an economic downturn seem unlikely.
Goldman expects a 0.25% hit to US growth because of the trade war, a relatively small shock compared to the 2008/9 recession where growth fell 2%.
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Goldman Sachs said the trade war is "kicking the tires" of growth but appears unlikely to spark a recession.
"Barring a large further...
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