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CEO of Abu Dhabi National Oil Company: Rising oil prices are slowing global economic growth.
2026-03-23
CEO of Abu Dhabi National Oil Company: Rising oil prices are slowing global economic growth.
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2026-03-23
KOREA RETAIL TRADERS BUY RECORD 7T WON OF KOSPI STOCKS MONDAY
KOREA RETAIL TRADERS BUY RECORD 7T WON OF KOSPI STOCKS MONDAY
2026-03-24
Goldman Sachs raised the likelihood of a U.S. recession in the next 12 months to 30%, up 5 percentage points, citing surging oil and gas prices, tighter financial conditions from the Middle East conflict, and fading effects of Trump’s tax law. Chief
Goldman Sachs raised the likelihood of a U.S. recession in the next 12 months to 30%, up 5 percentage points, citing surging oil and gas prices, tighter financial conditions from the Middle East conflict, and fading effects of Trump’s tax law. Chief Economist Jan Hatzius projects unemployment will reach 4.6% by year-end. The bank expects sub-trend GDP growth of 1.25–1.75% in H2 and anticipates Fed rate cuts in September and December. Goldman also raised its oil forecast due to ongoing Strait of Hormuz disruptions.
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