Goldman Sachs lowered the US first quarter GDP growth rate to -0.8%.

Goldman Sachs significantly lowered the U.S. first-quarter GDP growth rate to -0.8%. Reports indicate that the U.S. trade deficit further expanded to $162 billion in March, reaching a historical high. Among them, U.S. goods imports increased significantly by $16.3 billion, reaching $342.7 billion. Meanwhile, U.S. goods exports only increased slightly by $2.2 billion. Bill Adams, Chief Economist at PNC Bank, stated that unless the situation changes rapidly, the situation of reduced consumer disposable income and decreased business capital spending may continue to worsen in the second quarter.