The analysts also said they saw a rising probability of the U.S. Federal Reserve cutting rates but not enough of a chance to pencil such a cut into its baseline forecast. Their second-quarter gross domestic product growth forecast is now 1.1%, down from 1.3% little more than a week ago.
Reuters
@moneycontrolcom
Goldman Sachs Group Inc analysts downgraded their second-quarter economic growth forecasts for the United States because of risks stemming from trade conflicts with Mexico and China.
The analysts also said they saw a rising probability of the U.S. Federal Reserve cutting rates but not enough of a chance to pencil such a cut into its baseline forecast. Their second-quarter gross domestic product growth forecast is now 1.1%, down from 1.3% little more than a week ago.
"With the scale and scope of the trade war increasing further over the last week, we revised our inflation and growth forecasts, and adjusted our Fed probabilities," the analysts said in a research note.
First Published on Jun 3, 2019 09:52 am
