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Goldman Sachs Downbeat on US Growth This Year

  • Reuters cite Goldman Sachs as cutting their US GDP growth forecast for 2022 to 3.2% vs. consensus of 3.8%, with growth likely to slow abruptly in 2022 as fiscal support fades.
  • GS now expect annualized real GDP growth of +0.5% in Q1 (previously +2.0%), +3.5% in Q2 (previously +3.0%), +3.0% in Q3, +2.0% in Q4, and +2.2% in 2022 Q4 (previously +2.4%).
  • As such, on annual average basis, their GDP growth forecast is now +3.2% (vs. +3.8% consensus) in 2022.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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