Goldman Sachs has increased its U.S. recession forecast to 45% amidst tariff-related economic turmoil, as banks warn of rising unemployment and inflation.
The US added 151,000 jobs in February, but the unemployment rate rose to 4.1%, highlighting economic concerns amid Trump's policies and tariff uncertainty.
February saw a staggering 245% surge in layoffs, reaching the highest level since 2020, driven mainly by federal government cuts and economic uncertainties.