Goldman Sachs slashes US economic growth forecast over weaker spending on services_老虎社区_美港股上老虎

Goldman Sachs slashes US economic growth forecast over weaker spending on services

CNN2021-07-27

New York (CNN Business)Goldman Sachs (GS) slashed its forecast for US economic activity in the second half of the year, pointing to sluggish consumer spending on services as well as the threats posed ...

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203

Chinleong
·2021-07-27
Moderate control on inflation rise.
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3
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psphere
·2021-07-27
hihi
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1
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T2021B
·2021-07-27
They don’t hv any more money to spend
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4
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Vin309
·2021-07-27
Okk
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5
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Ericson79
·2021-07-27
Welldone
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4
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收起
- SirBahamut:
  [Smile]
  2021-07-27
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Junjunbiceps
·2021-07-27
So bad
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5
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Shunsund
·2021-07-27
Excellent
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4
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收起
- Ericson79:
  👍🏻
  2021-07-27
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TeenPopZ
·2021-07-27
Ok
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3
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JLCH
·2021-07-27
o
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3
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收起
- JLCH:
  o
  2021-07-27
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- TeenPopZ:
  O
  2021-07-27
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Tadalada
·2021-07-27
Ok
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2
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- Kingkong1234:
  Ok
  2021-07-27
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lee1234
·2021-07-27
Please like
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4
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- Tadalada:
  Ok
  2021-07-27
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onglaihuat
·2021-07-27
Like
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3
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- Alicialian:
  comment
  2021-07-27
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quote
·2021-07-27
crash is cmg
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8
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- onglaihuat:
  gg
  2021-07-27
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4f9dca1b
·2021-07-27
Hmm..
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4
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- MarcO:
  yes
  2021-07-27
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Bloom88
·2021-07-27
[难过]
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5
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Valsprout
·2021-07-27
Ok
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4
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Dav888
·2021-07-27
Awesome
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3
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heyjules
·2021-07-27
Like for likes
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4
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CEO_
·2021-07-27
Like this post thanks
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5
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KenChee
·2021-07-27
Ok
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1
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- GoodLife25:
  hmm
  2021-12-10
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- GoodLife25:
  gogo
  2021-07-30
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- georgiahobo:
  .
  2021-07-27
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But fears around the Delta variant are keeping services spending down.\n\"The services categories where spending remains depressed are generally either associated with high virus risk, such as live entertainment events, or connected to office-based work, such as ground transportation or dry cleaners,\" Walker wrote.\nIn response, Goldman slashed its gross domestic product growth forecast, the widest measure of economic activity, by one percentage point in both the third and fourth quarters.\nBetween July and September, the Wall Street bank expected 8.5% annualized growth, before dropping to 5% in the last three months of the year. For the full year, Goldman predicts 6.6% GDP growth.\nFrom 2022 on, the pace of expansion will slow further, trending back toward the 1.5% to 2% annualized growth what the nation typically saw before the pandemic.\nEven though roughly half of Americans are fully vaccinated, cases are rising. In 48 states, the rate of new Covid-19 cases in the past week jumped by at least 10% compared to the previous week, according to data from Johns Hopkins University. In 34 of those states, the rate of new cases increased by more than 50%.\nThe rise of infections through the variant is coming at an inopportune time: The economy is still not back to normal, and the resurgence of infections could keep people from fully participating in the economy.\n\"While most consumers appear to be comfortable returning to high-contact services, some are still hesitant,\" said Walker. \"They are likely to remain cautious for now as the spread of the Delta variant keeps Covid fears alive, delaying a full recovery.\"\nAt the same time, Goldman's economists believe the Delta variant's impact on the economy will be somewhat limited: \"Appetite for new government-mandated restrictions appears low; early state-level evidence shows little impact on consumer spending so far; and the virus situation already appears to be improving in the United Kingdom and other countries where it spread earliest,\" Walker 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don’t hv any more money to spend&nbsp;","listText":"They don’t hv any more money to spend&nbsp;","text":"They don’t hv any more money to 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bad","listText":"So bad","text":"So 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