Goldman Sachs Lowers Q4 Growth Forecast Due to Trade Wars
August 13, 2019 at 10:34 AM EDT
Goldman Sachs is forecasting that the ongoing U.S.-China trade war will have a larger effect on growth. In fact, the global investment firm just lowered its fourth-quarter growth forecast by 20 basis points to 1.8%, which could negatively affect U.S. equities moving forward. “We have increased our...