Goldman Sachs slashes U.S. economic growth projection to 1.7% in 2025

And against that backdrop.

Goldman Sachs has slashed its economic growth forecast for the U.S. to 1-point-7 percent this year from an earlier outlook of 2-point-4 percent.

The downward revision has been linked to rampant concerns that the Trump administration's tariff campaign would weaken the U.S. economy.

Just last quarter the American economy grew 2-point-3 percent tangibly slower than the 3-point-1 percent growth posted in the third quarter of 2024.