Goldman Sachs lowered US growth expectations

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      According to British media, Goldman Sachs Group has cut its fourth-quarter growth forecast for the United States by 20 basis points to 1.8%, saying the impact of trade tensions is greater than expected.
According to the Daily Mail website on August 12, Goldman Sachs Group said on August 11 that concerns about the US-China trade war leading to a recession are growing.
U.S. President Trump announced in August that he would impose a 10% tariff on $300 billion worth of Chinese imports on September 1. This prompted China to stop buying American agricultural products.
Reported that the year-long trade dispute between China and the United States has been centered on such issues as tariffs, subsidies, technology, intellectual property rights and network security.
Goldman Sachs said it had cut its fourth-quarter U.S. growth forecast by 20 basis points to 1.8%, because trade tensions had a greater impact than expected.
In a letter, three economists at Goldman Sachs, Jan Hatchus, Alex Phillips and David Merrick, said: "Overall, we have raised our estimates of the impact of the trade war on economic growth."


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