Goldman Sachs Revises US Q2 GDP Growth Estimates

Rising trade tensions with China, and now Mexico, have caused Goldman Sachs to downgrade US’s Q2 economic growth forecasts. The US GDP is expected to grow by 1.1% in Q2 2019 according to their revised estimates, down from 1.3% previously forecast.

Analysts at the leading investment bank have also increased the probability of a rate cut by Fed. Rising downside risks that could affect economic growth and inflation have created a higher likelihood for a cut in interest rates.