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Brokerages Slash Recession Predictions as Tariff Tensions Ease

5/14/2025

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Summary

Story summary

U.S. brokerage firms, including Goldman Sachs and J.P. Morgan, have lowered recession predictions amid easing U.S.-China tariff tensions.
Goldman Sachs reduced its recession forecast from 45% to 35% and increased GDP growth estimates.
A 90-day reduction in tariffs has boosted market confidence.
J.P. Morgan now estimates recession likelihood below 50%, indicating signs of economic recovery.

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Story summary

U.S. brokerage firms, including Goldman Sachs and J.P. Morgan, have lowered recession predictions amid easing U.S.-China tariff tensions.
Goldman Sachs reduced its recession forecast from 45% to 35% and increased GDP growth estimates.
A 90-day reduction in tariffs has boosted market confidence.
J.P. Morgan now estimates recession likelihood below 50%, indicating signs of economic recovery.