Goldman Sachs slash their US economic growth forecast for 2022 to 3.4%

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