BBG: Goldman cuts US GDP forecast, saying Omicron is drag on growth

BLOOMBERG reports:
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. 
In a weekend report to clients, economist Joseph Briggs said Goldman Sachs now expects U.S. gross domestic product to expand 3.8% this year, down from 4.2%. It reduced its 2022 estimate to 2.9% from 3.3%.
“While …

The post BBG: Goldman cuts US GDP forecast, saying Omicron is drag on growth appeared first on The Loadstar.

Source: The Loadstar

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