Goldman Sachs cuts US GDP growth forecast for 2022 over Omicron fears

Omicron poses 3 major threats to the US economy, says Jerome PowellGoldman economist Joseph Briggs said in a note that the Omicron variant could slow economic reopening, but the firm expects"only a modest drag" on service spending.The firm now sees 2022 gross domestic product growth of 3.8%, down from 4.2% previously on a full year basis, and Q4/Q4 growth of 2.9%, down from 3.3% before, Briggs said.

Worker shortages could last longer if people do not feel comfortable returning to work due to the variant, according to the note.Read MoreHere's how Omicron could make the supply chain mess worseGoldman pointed the spread of the virus could worsen supply shortages should other countries implement tighter restrictions, but increase in vaccination rates among foreign trade partners would prevent severe disruptions.Goldman Sachs' U.S.

They’re still projecting GDP growth of 3.8% in 2022. With people fretting about inflation, a slightly slower growth rate (the previous forecast was 4.2%) is not necessarily a bad thing if it means the economy is less likely to overheat and fuel more inflation.

Wall Street should stay out of medical assumptions and stick to the economy ONLY

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CNN This new variant is a scapegoat for all the injustices of getting the jab. Total bs natural immunity, doesn’t make them money.. wake up folks.. Poisen.

CNN Things look darkest before they turn black.

Like traders say 'we make money when there is blood' so not surprising.

In other words, rich people took money out of the market and now wants to re-enter at lower prices.

You can thank the anti vaxers for this one.

Iove how CNN quoted a criminal organization like they have any legitimacy

Uncertainty over the Omicron variant but not the other 47201629 variants? Sounds like they’re pumping their short positions

Biggest mafia on Wall Street

Time to put money in US stock market

How about we stop spreading fear about omicron until it’s more then some mild symptoms

Goldman Sucks

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This is a extreme overreaction. The Omicron variant symptoms have been mild.

Bullshit forecasting.

Lovely

This variant isn't as deadly as Delta, why is all this panic being thrust on us by the Media?

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What the Omicron variant means for the world economyOmicron—or, in the future, Pi, Rho or Sigma—threatens to lower growth and raise inflation I discovered something that's actually Not A SCAM, I will send you the best earning site that will help you earn $1,250 per days and $4,600 every 2days starts now, Free training, No experience need, DM for more info if interested.
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Omicron variant likely to usher growth downgrades -IMF's GeorgievaGlobal economic growth projections from the International Monetary Fund will likely be downgraded due to the emergence of the Omicron variant of the coronavirus, IMF Managing Director Kristalina Georgieva said on Friday. Non è che sono i vaxcini che sterilizzano la gente?
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S.Korea makes vaccine pass mandatory for many more venues as Omicron fears riseSouth Korea announced on Friday that people visiting restaurants and cinemas and other public spaces will have to show vaccine passes, amid a surge in COVID-19 infections and five confirmed cases of the Omicron variant.
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