Goldman Sachs Forecast Lower US GDP

Goldman Sachs analysts now clearly see the increased risk that the United States will enter a recession during the next year, due to the war between Russia and Ukraine.

Goldman Sachs noted that the lowering of US GDP expectations, which reflects higher oil prices and other growth factors related to the war in Ukraine, is a strong indication of an imminent recession.

Thus, Goldman Sachs experts modified their expectations for real GDP growth rates as follows:

2022 GDP growth: 2.9% versus 3.1% previously forecast.
Lower real GDP growth rates +0.5%/+1.5%/+2.5%/+2.5% vs. previous forecast +1.0%/+2.5%/+2.5%/+2.0%