Goldman Sachs cite:
- diminishing expectations for fiscal stimulus
- the spread of the Omicron variant
Forecast now is for GDP growth in 2022 significantly downgraded to 3.4%
- from 5-6% pace in 2021
- However, above the GS 1.75% estimate of trend growth
Goldman Sachs slash their US economic growth forecast for 2022 to 3.4%
- Goldman Sachs with a deep cut totheir GDP forecast
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