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
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.
#Trump #StockMarketCrash #Economy #RecessionFears #FederalReserve #JPMorgan #GlobalRecession #Tariffs #TradeWar #WallStreet #ChinaCrash #USEconomy #GoldmanSachs #InterestRates #EconomicChaos
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Prime Minister Benjamin Netanyahu is scheduled to visit the White House on July 7 to meet U.S. President Donald Trump amid escalating efforts to end the 20-month-long Gaza war. The meeting will focus on securing a ceasefire, releasing hostages held for nearly two years, and addressing regional tensions with Iran following a recent U.S.-brokered halt to their 12-day air war. Israel is also pushing the U.S. to pressure Qatar to negotiate concessions from Hamas. This marks Netanyahu’s third meeting with Trump since January 2025. #Netanyahu #Trump #WhiteHouseMeeting #GazaWar #MiddleEastPeace #HostageCrisis #Israel #Hamas #IranTensions #Ceasefire #Qatar #USForeignPolicy #MideastConflict #Diplomacy #PeaceTalks #TrumpNetanyahuMeeting #GazaCeasefire #MideastDiplomacy #HostageNegotiations #USIsraelRelations #MiddleEastCrisis #IranIsraelConflict #QatarMediation #PeaceNegotiations #ConflictResolution #WarAndPeace
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In a stunning foreign policy pivot, Donald Trump lifts decades-old U.S. sanctions on Syria following the fall of Bashar al-Assad. Backing the new regime under Ahmed al-Sharaa—an ex-Al-Nusra figure—Trump promises economic revival, regional stability, and a “fresh start” in U.S.-Syria ties. Over 500 sanctions are lifted as the White House redefines strategy in the Middle East. Critics warn of legitimizing a controversial figure. Will this gamble reshape Syria—or haunt U.S. foreign policy?
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In a stunning political twist, Elon Musk has threatened to form a new political party — the America Party — if Donald Trump's $3.3 trillion spending bill passes Congress. Slamming it as “insane” and “debt slavery,” Musk accused Republicans of betraying their fiscal conservative values and warned he would back primary challengers against incumbents who support the bill. With fiery posts on X and direct shots at the GOP, Musk is positioning himself as a disruptive force ahead of the 2025 elections.
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In a stunning twist during an escalating feud with Donald Trump, Elon Musk claimed that Trump’s name appears in unreleased Epstein files — and that’s why they’ve never been made public. Musk posted the claim on X but later deleted it, suggesting a possible truce after businessman Bill Ackman urged them to unite. Trump appeared to downplay the spat while Musk subtly hinted at reconciliation. The clash between the tech mogul and the former president now straddles political tension, personal ego, and explosive insinuations tied to the infamous Epstein case.
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France sets framework for EU's 2040 climate targets
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Ukrainian President Volodymyr Zelenskyy has announced Ukraine is now fully aligning with European Union sanctions on Iran. In a dramatic statement, Zelenskyy accused Iran of supporting external terror campaigns, engaging in brutal domestic repression, and forging a dangerous alliance with Russian President Vladimir Putin. The move marks Kyiv’s most aggressive stance against Tehran, extending Ukraine's sanctions policy beyond Russia to its geopolitical backers. Zelenskyy labeled the Iranian government “one of the most brutal regimes in the world” and said Ukraine would contribute to targeting Iranian individuals, companies, and entities involved in both weapons production and regional destabilization. He emphasized the global importance of sanctions against both Russia and its partners. The announcement comes as Iran and Russia deepen defense ties amid the ongoing Ukraine conflict.
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