Monday , December 6 2021

Goldman Sachs expects US economic growth to slow down next year – Chosun.com



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Entrance 2018. 11.20. 01:50


The global investment bank, Goldman Sachs, predicted that the US economy will slowly slow down in the second half of next year, as the Federal Reserve continues to raise interest rates and reduce tax cuts.

CNBC said on Thursday that US economic growth, which was more than 3.5 percent, could drop to 1.75 percent by the end of next year, with reference to the Goldman Sachs report.

Goldman Sachs forecasts that in the first quarter of this year, gross domestic product will fall by 2.5 percent, in the second quarter of next year – by 2.2 percent, in the third quarter of next year – by 1.8 percent and in the fourth quarter of next year – by 1.6 percent .

Goldman Sachs expects the Fed to raise its interest rates one time in December and four times the following year. The inflation rate is expected to reach 2.25 percent at the end of next year due to wage growth and tariffs.

Goldman Sachs said, however, that even if US economic growth decelerates, the short-term downturn will not be reversed.

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