Hey, have you heard the latest about the US recession? Goldman Sachs, a big name in banking, just bumped up their guess of a US recession happening to 35%. That’s way higher than their old guess of 20%. They’re saying it’s because of stuff like tariffs—taxes on things we buy from other countries—that the new US President, Donald Trump, might put in place. Goldman Sachs thinks these tariffs could mess up the economy more than people used to think.
Then there’s JPMorgan, another huge bank. Their top economist, Bruce Kasman, said earlier this month there’s a 40% chance of a US recession hitting this year. That’s even scarier, right? Both banks are looking at the same problem: things might get tough for the US economy soon.
So, what does this mean? Well, a US recession is when the economy slows down a lot—people might lose jobs, stores could close, and money gets tight. It’s not for sure yet, but these big banks are warning us to watch out. The US recession talk is getting louder, and it’s got a lot of people worried.
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