Goldman Sachs economists: Expect U.S. economic data to weaken this summer

ChainCatcher message, Goldman Sachs economists predict that due to tariffs and policy uncertainty putting pressure on the economy, the U.S. GDP in the fourth quarter will grow only 0.5% compared to the fourth quarter of 2024. Currently, business and consumer surveys indicate an economic slowdown, but official economic data has not yet shown signs of this. They infer that economic indicators may begin to more clearly reflect a recession in the late summer. "The evolution of data in recent weeks is consistent with the previous 'event-driven' growth slowdown. However, it is still too early to draw strong conclusions from the currently limited data."