Goldman Sachs changed it analysis that the United States will enter a recession less than an hour after Trump put a 90-day pause on tariffs.

Goldman Sachs raised the odds of a U.S. recession to 45% from 35%, the second time it has increased its forecast in a week, amid a growing chorus of such predictions by investment banks due to an escalating trade war.

Key Takeaways Goldman Sachs analysts cut their projections for GDP growth, and said a recession could be more likely because of the Trump administration's tariffs.They now put a 45% chance on a recession in the next 12 months,