Goldman Sachs economists
- now expect the economy to grow 2.4% in 2022 (from 2.6% previously forecast
- & 1.6% in 2023 (from 2.2% previously)
Also revised their jobless rate forecasts:
- 3.4% for 2022
- and to a high of 3.7% in 2023
Remarks from the reports:
- slowdown in growth should help lower job openings, it is also likely to raise the unemployment rate a bit, particularly since the job openings rate typically only falls when unemployment spikes in recessions
- optimistic that a sharp rise in the unemployment rate can be avoided
For the S&P500 GS (chief equity strategist) targets 4300.
