Goldman Sachs hikes recession probability to 45 percent

Goldman Sachs analysts are again raising the odds of a recession as markets continue to reel in the wake of President Trump’s sweeping tariff actions.

The bank warned in a new report on Sunday that it increased the probability of a recession in the U.S. to 45 percent, just a week after it forecasted odds at 35 percent as fears rise of an impending trade war.

Stocks fell again at the start of the week amid blowback over Trump’s latest move imposing hundreds of billions of dollars in new taxes on foreign goods.