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Post by
AwareInvestor on May 22, 2022 9:16am
Analysis: Goldman Sachs Warns of Inflation, Recession
Goldman Sachs Senior Chairman Lloyd Blankfein was making the media rounds this past week, warning that companies and consumers ought to brace for a recession. It’s a message that echoes a report in which Goldman’s inflation calculations led to a cut of its GDP growth forecast for 2022 from 2.6% to 2.4%, and from 2.2% to 1.6% for 2023. Blankfein and Goldman frames it as a “necessary growth slowdown,” to help reduce inflation back down towards the Fed’s 2% target by tempering wage growth.
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