Published 2 years ago

Goldman Sachs cuts U.S. GDP growth forecast for 2022 over Omicron fears

Summary by Ground News

Goldman Sachs lowers its forecast for economic growth in the United States to 3.8% for 2022. The company cites risks and uncertainty over the emergence of the Omicron variant of the coronavirus. The labor shortage could last longer if people do not feel comfortable returning to work due to the alternative.

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Times of India

Goldman Sachs cuts U.S. GDP growth forecast for 2022 over Omicron fears

The firm now sees 2022 gross domestic product (GDP) growth of 3.8%, down from 4.2% previously on a full year basis, and Q4/Q4 growth of 2.9%, down from 3.3% before, Briggs said.

2 years ago·India

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Reuters

Goldman Sachs cuts U.S. GDP growth forecast for 2022 over Omicron fears

- Goldman Sachs on Saturday cut its outlook for U.S. economic growth to 3.8% for 2022, citing risks and uncertainty around the emergence of the Omicron variant of the coronavirus. Goldman economist Joseph Briggs said in a note that the Omicron variant could slow economic reopening, but the firm expects "only a modest drag" on service spending. The firm now sees 2022 gross domestic

2 years ago·United Kingdom

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CNN

Goldman Sachs cuts US GDP growth forecast for 2022 over Omicron fears

Goldman Sachs on Saturday cut its outlook for U.S. economic growth to 3.8% for 2022, citing risks and uncertainty around the emergence of the Omicron variant of the coronavirus.

2 years ago·Atlanta, United States

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Financial Post

Goldman Sachs cuts U.S. GDP growth forecast for 2022 over Omicron fears

Goldman Sachs on Saturday cut its outlook for U.S. economic growth to 3.8% for 2022, citing risks and uncertainty around the emergence of the Omicron variant of the coronavirus. Read More

2 years ago·Canada

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OAN

Goldman Sachs cuts U.S. GDP growth forecast for 2022 over Omicron fears

December 4, 2021(Reuters) – Goldman Sachs on Saturday cut its outlook for U.S. economic growth to 3.8% for 2022, citing risks and uncertainty around the emergence of the Omicron variant of the coronavirus.Goldman economist Joseph Briggs said in a note that the Omicron variant could slow economic reopening, but the firm expects “only a modest drag” on service spending.The firm now sees 2022 gross domestic product (GDP) growth of 3.8%, down fr…

2 years ago·San Diego, United States

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Bloomberg Quint

Goldman Cuts U.S. GDP Forecast, Saying Omicron Is Drag on Growth

(Bloomberg) -- Goldman Sachs Group Inc. economists cut their forecasts for the U.S. economy this year and next after deciding the spread of the omicron strain of the coronavirus would exert a “modest downside” drag on growth. Continue Reading. Read more on OnWeb by BloombergQuint.

2 years ago·Mumbai, India

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