CNBC reports
CNBC is reporting that Goldman Sachs sees 1st quarter GDP cut to 1.2% on coronavirus concerns.
- The risks are clearly skewed to the downside until the outbreak is contained according to Goldman chief economists Jan Hatzius
- Goldman initially had growth pegged at 1.4%
- 4th quarter growth came in at 2.1% and 2.3% in 2019
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