Wall St heavyweights see spending cuts ahead as UK economy doubts rise
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Goldman Sachs economists have revised their forecast for the UK's economic growth to 0.9% for this year, down from the official forecast of 2%, following tax changes by Chancellor Rachel Reeves.
January 10, 2025 | 12:15 pm
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Goldman Sachs has revised its UK economic growth forecast to 0.9% for 2023, down from the official 2% forecast, due to recent tax changes. This may impact investor sentiment towards GS, as it reflects cautious economic outlooks.
Goldman Sachs' revision of the UK economic growth forecast indicates a cautious outlook, which may affect investor sentiment. However, the direct impact on GS's stock price is uncertain as it depends on broader market reactions and GS's global operations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80