Goldman Sachs expects weaker U.S. economic data this summer

Odaily Odaily News: Goldman Sachs economists predict that the US GDP in the fourth quarter will only grow by 0.5% compared with the fourth quarter of 2024 as tariffs and policy uncertainty put pressure on the economy. Currently, business and consumer surveys point to a slowdown in the economy, but official economic data have not yet shown this sign. They infer that economic indicators may begin to show a recession more clearly in mid-to-late summer. "The evolution of the data in recent weeks is consistent with the previous 'event-driven' growth slowdown. However, it is too early to draw strong conclusions from the limited data currently available."