Weekend - Goldman Sachs cut their US economic growth forecasts

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Weekend - Goldman Sachs cut their US economic growth forecasts

Goldman Sachs economists      now expect the economy to grow 2.4% in 2022 (from 2.6% previously forecast     & 1.6% in 2023 (from 2.2% previously)   Also revised their jobless rate forecasts:      3.4% for 2022     and to a high of 3.7% in 2023         Remarks from the reports:      slowdown in growth should help lower job openings, it is also likely to raise the unemployment rate a bit, particularly since the job openings rate typically only falls when unemployment spikes in recessions     optimistic that a sharp rise in the unemployment rate can be avoided  For the S&P500 GS (chief equity strategist) targets 4300.          eur

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