Goldman Sachs Raises Risk of US Recession as Tariff Policies Roll Out

Analysts suggest that the U.S. economy has a 35 percent chance of entering a recession within the next 12 months.

Traders work on the floor of the New York Stock Exchange during morning trading in a file photo. Michael M. Santiago/Getty Images

Investment bank Goldman Sachs raised the odds that the United States will enter a recession in the coming months, in part due to the Trump administration’s tariffs.

In a report released on March 30, Goldman Sachs analysts said that the U.S. economy has a 35 percent chance of entering a recession within the next 12 months, up from its forecast of 20 percent earlier this month.