Global market crash: Goldman Sachs increases recession odds to 45% after market meltdown
Video Credit: Oneindia - Duration: 03:04s - Published
Global market crash: Goldman Sachs increases recession odds to 45% after market meltdown
Goldman Sachs has raised the odds of a major US and global recession, warning that President Trump’s new tariffs could trigger a sharp economic downturn.
Amid rising market panic and tightening financial conditions, Goldman forecasts a 45% chance of recession and slashes the US growth forecast for 2025 to 0.5%.
The move comes after a global market meltdown, with China experiencing its biggest crash since 2008 and the EU facing harsh tariffs of 20%.
Meanwhile, JPMorgan highlights US trade policies as the biggest risk to the global economic outlook, as retaliation, supply chain disruptions, and business uncertainty intensify.
With Wall Street witnessing a $6.6 trillion wipeout in just two days, investor Bill Ackman warns that these policies could lead to an "economic nuclear winter." As countries like Canada and the EU consider stronger responses, the global trade landscape enters a volatile new phase.
#Trump #StockMarketCrash #Economy #RecessionFears #FederalReserve #JPMorgan #GlobalRecession #Tariffs #TradeWar #WallStreet #ChinaCrash #USEconomy #GoldmanSachs #InterestRates #EconomicChaos
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The Trump Fiasco: How A Tariff Blitz Crashed The World Economy, What’s Next?
President Donald Trump has admitted that new U.S. sanctions on Russia might not have any effect on Vladimir Putin — but is moving ahead with them anyway. Trump slashed the peace window for a Ukraine deal from 50 days to just 10, warning of brutal economic penalties if Moscow doesn't comply. These include up to 100% tariffs and potential secondary sanctions on countries doing business with Russia.
While Kremlin spokesman Dmitry Peskov downplayed the threats, saying Russia has developed “sanctions immunity,” Trump’s frustration is mounting. The president also announced that special envoy Steve Witkoff will soon travel to Russia following visits to Israel and Gaza. Trump’s acting UN envoy confirmed a ceasefire deadline: August 8. Despite over 10,000 sanctions already in place since the 2014 Ukraine crisis, Putin maintains the West has failed to break Russia’s economy. The standoff is reaching a boiling point.
#Trump #Putin #RussiaSanctions #UkraineWar #USRussiaTensions #100PercentTariffs #CeasefireDeadline #Witkoff #Peskov #TrumpPutinShowdown #UkrainePeaceDeal #SecondarySanctions #EconomicWar #SanctionsFail #TrumpWarning #VladimirPutin
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U.S. President Donald Trump has ignited a global trade storm by raising tariffs on Canadian imports to 35%, accusing Ottawa of failing to curb fentanyl and drug flows into America. Prime Minister Mark Carney defended Canada’s efforts, but Trump claimed negotiations fell short. The new rate—up from 25%—comes amid broader tariffs hitting dozens of countries.
Despite the USMCA shielding nearly 90% of Canadian exports, key goods like dairy, wood, and leather may still be taxed. Trump spared Mexico for now but warned that other nations—including Taiwan, India, Laos, and even Switzerland—face harsh levies, some as high as 41%. Critics warn of soaring consumer prices and economic disruption, but the White House insists the tariffs are "rebuilding the greatest economy in history." With global trade talks in limbo and retaliations expected, this marks Trump’s boldest move yet in his battle to reset world commerce.
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Former Prime Minister HD Deve Gowda has strongly condemned US President Donald Trump's recent remarks describing India's economy as "dead," calling them baseless.. IndiaTimes
Ukrainian President Volodymyr Zelensky has urged Western allies to seek "regime change" in Russia following a devastating drone and missile strike on Kyiv that killed 16 people, including a six-year-old boy. Over 150 were wounded in one of the most intense attacks in months. The overnight barrage hit a residential tower, causing mass devastation, just as Moscow claimed to have captured Chasiv Yar, a strategic town in eastern Ukraine.
While Ukraine denies full Russian control, analysts admit the battle is “very difficult.” The brutal assault came shortly after U.S. President Donald Trump issued a 10-day ultimatum to Russia, threatening further sanctions. As the Kremlin pushes its offensive deeper into Donetsk, Kyiv faces political unrest at home after Zelensky was forced to withdraw a controversial anti-corruption bill under EU pressure. With Russia escalating attacks and Ukraine’s internal crisis deepening, the war enters a volatile new phase.
#Zelensky #UkraineWar #KyivAttack #RussiaUkraine #RegimeChange #Putin #ChasivYar #UkraineCrisis #Trump #RussiaSanctions #KyivMissileStrike #EasternUkraine #WarInUkraine #UkrainePolitics #DroneAttack #HelsinkiAccords #RussiaAirstrikes #UkraineNews
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Portugal to consult major parties and president about Palestinian state recognition, PM says
Some 144 of the UN’s 193 member states recognise Palestine as a state, including most of the global south but only a handful of the 27 European Union member countries do.
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Credit: euronews (in English) Duration: 01:20Published
Slovenia has made history as the first EU country to impose a full ban on arms imports, exports, and transit to Israel amid the escalating humanitarian crisis in Gaza. Prime Minister Robert Golob boldly declared that responsible nations must act—even if it means stepping ahead of others to uphold international law. This move exposes the European Union’s failure to take concrete measures against Israel’s blockade and ongoing war crimes, which have killed over 60,000 Palestinians, mostly women and children. As Slovenia plans further sanctions, will other EU countries follow and challenge Israel’s brutal military campaign? Dive into this explosive shift in European policy and the mounting pressure on Israel’s government.
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Poland's €45bn defence loan bid makes up third of EU total
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