Delta variant is serious. Impa

2021-08-19

Delta variant is serious. Impact may be far greater than what was listed and expected. Also don't forget there maybe new variant after Delta.... We must stay safe, keep healthy, get vaccinated...

Goldman Cuts U.S. Growth Forecast to 6% This Year on Delta Woes

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We must stay safe, keep healthy, get vaccinated...","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/831410080","repostId":1176115477,"repostType":4,"repost":{"id":"1176115477","kind":"news","pubTimestamp":1629338450,"share":"https://www.laohu8.com/m/news/1176115477?lang=&edition=full","pubTime":"2021-08-19 10:00","market":"us","language":"en","title":"Goldman Cuts U.S. Growth Forecast to 6% This Year on Delta Woes","url":"https://stock-news.laohu8.com/highlight/detail?id=1176115477","media":"Bloomberg","summary":"Production is ‘still suffering’ from supply-chain disruptions\nGoldman says delta impact ‘somewhat la","content":"<ul>\n <li>Production is ‘still suffering’ from supply-chain disruptions</li>\n <li>Goldman says delta impact ‘somewhat larger than we expected’</li>\n</ul>\n<p>Goldman Sachs Group Inc. economists lowered their forecast for U.S. economic growth for 2021, citing a bigger-than-anticipated impact from the Covid-19 delta variant that bodes for further supply-chain disruptions and elevated inflation.</p>\n<p>The bank now sees U.S. gross domestic product rising 6% this year, from a prior full-year forecast of 6.4%. That’s lower than the median expectation of 6.2% in a Bloomberg survey, which has a low estimate of 5%. Goldman slightly boosted its 2022 forecast to 4.5%, from 4.4%.</p>\n<p>“The impact of the delta variant on growth and inﬂation is proving to be somewhat larger than we expected,” Goldman economists including David Mericle wrote in a note to clients Wednesday. “The delta variant and other disruptions are also likely to further raise prices of supply-constrained durable goods through year-end.”</p>\n<p>Spending on dining, travel and some other services is likely to weaken in August, the Goldman team wrote, citing signs of a slowdown in restaurant bookings, air travel and elective procedures at hospitals.</p>\n<p>Goldman forecast a 1% drop in consumer spending in August, following a report earlier this week showing July retail sales thatfellmore than expected.</p>\n<p>The economists see supply-chain hurdles plaguing companies for some time, forcing them to increase prices. They bumped up their forecast for the core personal consumption expenditures measure of inﬂation to 3.75% at the end of 2021.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Cuts U.S. Growth Forecast to 6% This Year on Delta Woes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Cuts U.S. Growth Forecast to 6% This Year on Delta Woes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-19 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-18/goldman-cuts-u-s-growth-forecast-to-6-this-year-on-delta-woes?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Production is ‘still suffering’ from supply-chain disruptions\nGoldman says delta impact ‘somewhat larger than we expected’\n\nGoldman Sachs Group Inc. economists lowered their forecast for U.S. economic...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-18/goldman-cuts-u-s-growth-forecast-to-6-this-year-on-delta-woes?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-18/goldman-cuts-u-s-growth-forecast-to-6-this-year-on-delta-woes?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176115477","content_text":"Production is ‘still suffering’ from supply-chain disruptions\nGoldman says delta impact ‘somewhat larger than we expected’\n\nGoldman Sachs Group Inc. economists lowered their forecast for U.S. economic growth for 2021, citing a bigger-than-anticipated impact from the Covid-19 delta variant that bodes for further supply-chain disruptions and elevated inflation.\nThe bank now sees U.S. gross domestic product rising 6% this year, from a prior full-year forecast of 6.4%. That’s lower than the median expectation of 6.2% in a Bloomberg survey, which has a low estimate of 5%. Goldman slightly boosted its 2022 forecast to 4.5%, from 4.4%.\n“The impact of the delta variant on growth and inﬂation is proving to be somewhat larger than we expected,” Goldman economists including David Mericle wrote in a note to clients Wednesday. “The delta variant and other disruptions are also likely to further raise prices of supply-constrained durable goods through year-end.”\nSpending on dining, travel and some other services is likely to weaken in August, the Goldman team wrote, citing signs of a slowdown in restaurant bookings, air travel and elective procedures at hospitals.\nGoldman forecast a 1% drop in consumer spending in August, following a report earlier this week showing July retail sales thatfellmore than expected.\nThe economists see supply-chain hurdles plaguing companies for some time, forcing them to increase prices. 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