Goldman Downgrades US Economic Forecast Because of Omicron

The economy is in shambles of course, but it’s not totally finished off.

Thank Satan for Omicron.


Goldman Sachs has downgraded its US economic growth forecast for 2022 from a previously expected 4.2% to 3.8%. The outlook was cut due to rising risks and uncertainty around the new Covid-19 variant, Omicron.

According to Goldman economist Joseph Briggs, who was cited by Reuters, the new coronavirus strain could slow the US’ economic reopening, but is expected to have “only a modest drag” on service spending.

“While many questions remain unanswered, we now think a moderate downside scenario where the virus spreads more quickly but immunity against severe disease is only slightly weakened is most likely,” Briggs said in a note on Saturday. He added that labor shortages could last longer if people do not feel comfortable returning to work due to Omicron.

There is an overwhelming feeling of exhaustion because of how predictable all of this is.

You readers must be feeling something similar. Even if you weren’t following my predictions logically (you should have been, I explained them), you still read me say all of this stuff would happen and are now watching it all happen.

It’s very draining.

We have to remember to refresh.

That’s why I choose Brain Force.