Goldman Sachs says the trade war is 'kicking the tires' of growth — and doesn't expect it to spark a recession

Goldman Sachs said the trade war is"kicking the tires" of growth but appears unlikely to spark a recession. The banking giant said the scale of the growth impact, the Fed's easing, and resilient business sentiment made an economic downturn seem unlikely. Goldman expects a 0.25% hit to US growth because of the trade war, a relatively small shock compared to the 2008/9 recession where growth fell 2%. Visit Business Insider's homepage for more stories.

Goldman Sachs said the trade war is"kicking the tires" of growth but appears unlikely to spark a recession. The banking giant said the scale of the growth impact, the Fed's easing, and resilient business sentiment made an economic downturn seem unlikely. Goldman expects a 0.25% hit to US growth because of the trade war, a relatively small shock compared to the 2008/9 recession where growth fell 2%. Visit Business Insider's homepage for more stories.

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