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Goldman Sachs slashed U.S. first-quarter GDP growth to -0.8%.
The US goods trade deficit widened more than expected in March, according to Goldman Sachs' latest research report. Goods imports and exports both grew in March. The widening trade deficit was mainly due to higher imports of consumer goods, which may reflect the "rush" of imports ahead of the tariff hike. Details of the leading economic indicators report show that import growth was significantly stronger than our previous GDP tracking assumptions, but export growth was modestly stronger and inve...
2025-04-29 22:38:57
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