Goldman Sachs: With the fading impact of tariffs, global growth may exceed expectations.

Goldman Sachs chief economist Ha Zhesi stated in a report that as the impact of tariffs diminishes, fiscal support and loose financial conditions are expected to support global economic growth, exceeding widespread expectations. He predicts that the inflation rates of most economies will be closer to target levels, reflecting the weakening influence of tariffs and official pricing, as well as slowing wage and rent growth. Although Goldman Sachs believes that employment in the technology industry has significantly declined in recent months, the bank does not believe that a job apocalypse driven by artificial intelligence will occur. Economic indicators in the United States are encouraging, with the core CPI rising by 2.6% year-on-year in January after adjusting for housing distortions, hitting a post-pandemic low. Goldman Sachs predicts that the Federal Reserve will maintain interest rates unchanged during the remaining term of Fed Chair Powell, but expects a 25 basis point cut in June and September, possibly under the leadership of nominee Kevin Wash.