- Analytics
- News and Tools
- Market News
- Goldman Sachs cuts US GDP forecasts for 2022 and 2023 – Bloomberg
Goldman Sachs cuts US GDP forecasts for 2022 and 2023 – Bloomberg
“Goldman Sachs Group Inc. economists cut their forecasts for US growth for this year and next to reflect the shake-out in financial markets amid the Federal Reserve’s tightening of monetary policy,” said Bloomberg in its latest analytical piece during early Monday in Asia.
The news also mentioned, “In a report Sunday, the economists led by Jan Hatzius said they now expect the economy to grow 2.4% this year and 1.6% in 2023, down from 2.6% and 2.2% previously.”
“The economists projected the unemployment rate will rise to 3.7% by the end of 2023 after falling to 3.4% in coming months,” said Bloomberg.
Market implications
Growth fears are largely heard and priced in amid concerns over inflation, geopolitics and covid, which in turn restricts the market’s reaction to the news. However, the same probes the previous day’s cautious optimism during the inactive hours of the Asian session.
Read: Much to gold’s dissatisfaction, the USD index seems unstoppable
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
