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Global market crash: Goldman Sachs increases recession odds to 45% after market meltdown

Video Credit: Oneindia - Duration: 03:04s - Published
Global market crash: Goldman Sachs increases recession odds to 45% after market meltdown

Global market crash: Goldman Sachs increases recession odds to 45% after market meltdown

Goldman Sachs has raised the odds of a major US and global recession, warning that President Trump’s new tariffs could trigger a sharp economic downturn.

Amid rising market panic and tightening financial conditions, Goldman forecasts a 45% chance of recession and slashes the US growth forecast for 2025 to 0.5%.

The move comes after a global market meltdown, with China experiencing its biggest crash since 2008 and the EU facing harsh tariffs of 20%.

Meanwhile, JPMorgan highlights US trade policies as the biggest risk to the global economic outlook, as retaliation, supply chain disruptions, and business uncertainty intensify.

With Wall Street witnessing a $6.6 trillion wipeout in just two days, investor Bill Ackman warns that these policies could lead to an "economic nuclear winter." As countries like Canada and the EU consider stronger responses, the global trade landscape enters a volatile new phase.

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China Hosts Latin Leaders To Counter U.S At CELAC | Tariffs Push Latin Nations Into China's Lap [Video]

China Hosts Latin Leaders To Counter U.S At CELAC | Tariffs Push Latin Nations Into China's Lap

As U.S. trade tensions mount, China is strengthening its grip on Latin America. At the China-CELAC Forum in Beijing, leaders from across the region gathered, with many deepening their commitment to China’s Belt and Road Initiative. With two-thirds of Latin American countries already on board, China has become the top trading partner for major economies like Brazil and Peru. Meanwhile, Trump's tariff threats and warnings over the Panama Canal have driven mistrust. China now positions itself as the reliable partner Latin America can count on. #China #LatinAmerica #CELAC #BeltAndRoad #XiJinping #Geopolitics #GlobalTrade #USChinaTensions #TrumpTariffs #BRI #BeijingSummit #LulaInChina #ChinaLatinTies #USInfluence #TradeWar #ChinaCELACForum #PanamaCanal #WangYi #Colombia #Petro #Venezuela #Peru #Uruguay #Brazil #Cuba #ForeignPolicy #XiSpeech #BRICS #GlobalSouth #AsiaLatAmRelations #DevelopmentDiplomacy Also Read US, China Agree To Temporary Tariff Cuts For 3 Months In Bid To Ease Trade Tensions :: https://www.oneindia.com/international/us-china-agree-to-temporary-tariff-cuts-for-3-months-in-bid-to-ease-trade-tensions-4151019.html?ref=DMDesc Chinese Foreign Minister Wang Speaks To NSA Doval, Calls For Lasting Ceasefire With Pakistan :: https://www.oneindia.com/international/chinese-foreign-minister-wang-speaks-to-nsa-doval-calls-for-lasting-ceasefire-with-pakistan-4150093.html?ref=DMDesc China Says Will Continue To Stand By Pakistan In Upholding Its ‘Sovereignty, Territorial Integrity’ :: https://www.oneindia.com/international/china-says-will-continue-to-stand-by-pakistan-in-upholding-its-sovereignty-territorial-integrity-4149961.html?ref=DMDesc

Credit: Oneindia    Duration: 03:21Published
Trump hails 'great progress' as US-China trade talks in Geneva continue [Video]

Trump hails 'great progress' as US-China trade talks in Geneva continue

Trump hails 'great progress' as US-China trade talks in Geneva continue The lead US negotiator described “a great deal of productivity” in resolving US-China trade differences after two days of talks in Switzerland, following Trump’s tariffs and Beijing’s retaliation. READ MORE : http://www.euronews.com/2025/05/11/us-says-to-have-made-substantial-progress-during-its-two-day-talks-with-china-on-tariffs-d Subscribe to our channel. Euronews is available on Dailymotion in 12 languages

Credit: euronews (in English)    Duration: 01:20Published

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