The U.S. is facing fresh economic headwinds as foreign tourism pulls back sharply. International arrivals by air dropped nearly 10% in March compared to a year earlier, according to the International Trade Administration. Goldman Sachs estimates that, in a worst-case scenario, the combined impact of reduced travel and global boycotts of U.S. products could shave off 0.3% from GDP — amounting to nearly $90 billion in lost economic output in 2025. Watch in for more details!

Goldman Sachs: US risks $90 billion GDP hit in 2025

In recent developments, both Goldman Sachs and China are reacting to the evolving landscape of US tariff policies which have created significant uncertainty in the global markets. Goldman Sachs initially predicted a 65% chance of a US recession due to the tariffs, but quickly retracted this forecast after Trump announced a pause in reciprocal tariffs on April 9.

Goldman Sachs cuts China growth projection  to 4%

Business & Economy: Goldman Sachs has raised the probability of a US recession to 35 per cent, citing concerns over rising inflation, escalating tariffs, and weaker economic fundamentals.

Goldman Sachs sees 35% chance of US recession in 2025

Goldman Sachs has raised its year-end 2025 gold price forecast to $3,100 per ounce, up from its previous estimate. The investment bank attributes this upward revision to sustained central bank demand, which is expected to add 9% to gold prices by the end of the year.

Goldman Sachs lifts 2025 gold forecast to $3,100

Gold s expected to soar to record highs next year driven by Central Bank purchases and anticipated US interest rate cuts. According to analysts at Goldman Sach's group the investment advisory highlighted gold as one of the top commodity trades for 2025. Watch in for more details!

Goldman Bets Big On Gold For 2025 Boom

Goldman Sachs upgrades China’s growth forecast amid economic recovery

Goldman Sachs recruits power banking expert Tyler Miller from Citigroup

Hedge funds amplify bearish stance amid economic slowdown concerns, Goldman reports

In the latest earnings roundup, Goldman Sachs is in the spotlight. The banking giant reported a surge in earnings in the June quarter, with its shares hitting fresh all-time highs.

Goldman's stock price hits a new all-time high

Goldman Sachs' Q2 profit soars amid strong trading and underwriting performance

Startup founder Chris Kirchner sentenced to 20 years in prison for misappropriation of funds

Goldman Sachs raises S&P 500 target on strong tech earnings

We're turning now to China's troubled property market. A new report by Goldman Sachs paints a concerning picture, with the crisis potentially deeper than previously thought. According to Goldman Sachs, there's a massive glut of unsold homes in China.

Goldman Sachs report highlights dire Chinese property market conditions

Goldman Sachs receives license to establish regional headquarters in Riyadh

While India is doubling down on its manufacturing ambitions, it is already facing the services world. Investment banking giant Goldman Sachs says services sector exports will comprise at least 11 per cent of India's GDP by 2030. That's up from less than 10% of the economy right now.

Gravitas | Goldman Sachs: Services sector exports at 11% of GDP by 2030

Goldman Sachs reported a strong first quarter, exceeding analyst expectations. Profits jumped 28% to $4.13 billion, driven by a surge in investment banking activity. This marks their highest earnings per share since late 2021, at $11.58 per share, exceeding analyst predictions by a significant 36%.

Goldman Sachs beats wall street estimates with strong quarter profit

Goldman Sachs warns of economic consequences of Trump's proposed tariffs on China

Goldman Sachs Wealth Management cautions against investing in China. Here’s why

Nvidia surges to record high as Goldman Sachs boosts price target on AI growth

India's consumer market is sending mixed signals after Diwali. The demand for gold has lost momentum. Local gold prices hit a record high of $753 dollars per 10 grams this week, rising over 11% in two months. After a few good days of sales after Diwali, rising prices have brought the market to a standstill.

Gold hits a record high of $753 dollars per 10 grams

Pakistan’s gold demand fell 11% to 11.6 tonne during the third quarter of 2023 from 13 tonne in the year-ago period, while Sri Lanka’s gold demand rose substantially to 2.4 tonne from 0.3 tonne.

Global gold demand drops 6% in Q3; India, China demand up

Goldman Sachs predicts the cost of financing the US debt is about to be more expensive than ever. Goldman Sachs strategists have pointed to the rising cost of borrowing over the last year. In 2022, it cost the government 476 billion dollars, or around 2% of the national GDP, to pay the interest on its debt. Strategists estimate that interest payments are set to rise to 3% of GDP in 2024, and 4% of GDP by 2030.

Borrowing to get costlier in the US

According to Goldman Sachs, credit card companies are facing their highest losses in nearly three decades, except for during the great financial crisis. Report decodes what it means for the global economy.

Credit card companies struggle despite loan growth

Goldman Sachs predicts US GDP and markets to withstand expected government shutdown

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