The storied investment bank has forecast GDP growth to come in below Wall Street’s consensus for the first time in 2½ years.
  • jacksilver@lemmy.world
    14·
    1 day ago

    I’m surprised no one has been mentioning the federal cuts and layoffs as a point of concern for the economic forecast.

    Obviously the tarrifs are really bad, but stopping payments to a large number of organizations and laying off a lot of people is also probably going to have significant impacts too.

    • Infynis@midwest.socialEnglish
      1·
      8 minutes ago

      It’s not at the same scale, that’s why it also doesn’t actually make a difference in “saving money”