Goldman Sachs has downgraded its forecast for US economic growth in 2022.

According to Goldman-Sache, the American economy may face a recession next year. The American economy was struggling like the rest of the world when the pandemic hit, sending people out of jobs and increasing inflation.

For the last three months, there has been no growth in any sector in America. The Russia-Ukraine war, as well as the sanctions imposed on Russia by many countries, resulted in a shortage of energy and goods movement across the EU. The American economy will face a slowdown because the income of the middle class and the lower-income group will be spent on food and gas. Gas and oil prices are already going up due to the shortage in the market. There is now a 35% chance of having a recession in America next year. Read more...