Goldman Sachs lowers US growth forecast for 2023 after rate path change

Following a recent increase in its expectations for Federal Reserve interest rate increases, Goldman Sachs Group Inc. reduced its projections for US economic growth in 2023. Compared to an earlier projection of 1.5%, analysts predicted that the US gross domestic product will rise by 1.1% in 2023.

from Moneycontrol Business News https://ift.tt/0taFD7I