Goldman Sachs lowers U.S. GDP outlook over Omicron fears
NEW YORK: Goldman Sachs has cut its outlook for U.S. economic growth to 3.8 percent for 2022, citing risks and uncertainty around the emergence of the Omicron variant, according to a Reuters report.
“Worker shortages could last longer” if people do not feel comfortable returning to work due to Omicron, Reuters reported Sunday, citing a note from Goldman economist Joseph Briggs.
The spread of the virus could “worsen supply shortages should other countries implement tighter restrictions,” the note added.
Download BOL News App for latest news