Goldman Sachs cuts U.S. growth forecast as commodity prices bite

Capt. John

Goldman Sachs analysts downgraded their forecasts for U.S. economic growth for this year, reckoning that spikes in oil and other commodities since Russia’s invasion of Ukraine will hurt spending. The investment bank cut its annualised growth forecast to 2.9% against a previous expectation of 3.1%. It expects fourth-quarter real gross domestic product growth of 1.75% …

The post Goldman Sachs cuts U.S. growth forecast as commodity prices bite first appeared on Hellenic Shipping News Worldwide.

https://www.hellenicshippingnews.com/goldman-sachs-cuts-u-s-growth-forecast-as-commodity-prices-bite/

Leave a Comment

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon