(Bloomberg) Goldman expects the overall economic expansion in the US to be 5.7% this year, a drop from the expected 6% at the close of last month.
Economists at Goldman Sachs said that the slow growth will pick up only slightly into 2022 with the growth for next year put at 4.6% from the previous 4.5% forecast.
Goldman analysts expect that consumers will spend less due to the effects of the Covid-19 Delta Variant, the lack of fiscal support, and the disruption in the supply chain.
Goldman Sachs has forecasted an increase in the unemployment rate to 4.2% at the end of the year, from a prior estimate of 4.1%.
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