Goldman Sachs Cuts US Growth Forecasts for 2022 and 2023
- Goldman sees US growing 2.4% in 2022 and 1.6% in 2023
- Bank previously saw growth of 2.6% this year, 2.2% next
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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.
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.