Economists at Goldman Sachs walked back a forecast calling for a recession hours after President Donald Trump announced a 90-day pause on many of his "reciprocal" tariffs that went into effect just hours before.

Goldman Sachs reversed its prediction that the United States will enter a recession following President Donald Trump‘s decision to pause reciprocal tariffs on dozens of countries for 90 days. “Earlier today,

U.S. investment bank Goldman Sachs lowered its forecasts for China's GDP growth to 4% in 2025 and 3.5% in 2026 in a report published on Thursday, from 4.5% and 4.0% previously, citing the effects of tariffs.