Goldman Sachs reduces the forecast of US economic growth by 4 tenths.

Goldman Sachs reduces the forecast of US economic growth by 4 tenths.

The US financial group Goldman Sachs today cut 0.4 points the forecasts of economic growth in the United States for the first half of 2019, according to a report collected by financial means.

Goldman has ensured that the growth will be 2% in the first half of the year instead of 2.4% and announced that in the second part of 2019 this will fall below 2%, but did not offer figures in this regard.

However, he pointed out that "he is still not particularly worried about the recession," according to the Seeking Alpha website.

For Goldman Sachs "a deceleration of growth is necessary" for the economy and added that "the two key historical risk factors, inflationary overheating and asset market bubbles, are still practically absent."

In November, Goldman Sachs had calculated an advance of 2.5% for the first quarter of 2019 and 2.2% for the second, followed by 1.8% and 1.6% for the third and fourth, respectively .

On the increase in interest rates, Golman foresees a containment on the part of the Federal Reserve (Fed) in 2019 and a possible decrease in 2020.

In 2018 the Fed increased interest rates four times, increasing the cost of loans, which has exacerbated the mood of many investors and the president of the United States, Donald Trump, who has openly criticized this measure.

The increase of the types and the fear to a deceleration of the growth at international level have been two of the factors that have contributed to frighten the investors of the Stock Exchange of Wall Street, that has lived one of the worst months of December of the last years.

These two elements have been joined by others, such as the commercial tensions between the United States and China and, more recently, the closure of the US government due to lack of understanding between Republicans and Democrats for the approval of budgets.


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