#BinanceAlphaAlert
💥💥 NEWS 💥💥
🚨🚨 Wall Street banks forecast a contraction in US GDP amid a new record deficit 🚨
🧲🧲 Following the release of official data showing a negative gap of $162 billion between US imports and exports in March 🧲
🔷 Morgan Stanley, Goldman Sachs, and JPMorgan predicted a contraction in GDP in the first quarter of the year, bringing the North American country to the brink of a recession 🔷
👁️ This is because the trade balance is an important factor in calculating this indicator, key to assessing the economic performance of a nation 👁️
☄️☄️ Figures from the US Census Bureau for March indicate the largest goods deficit recorded since the early 1990s, a dramatic increase compared to the negative gap of $92.8 billion recorded in the trade balance for the same month in 2024☄️
✅✅ Analysts from the financial firm added that, as a result of the sharp increase in the trade deficit, they drastically reduced their GDP forecast for the first quarter from zero to a contraction of -1.4% ✅
🔑🔑 Meanwhile, Goldman Sachs cut its forecast from -0.2% to -0.8%, while JPMorgan economists lowered their prediction from 0% to -1.75% 🔑
Are we entering an unprecedented recession?
Let's see what happens
