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0 -0.000330290986359057 -0.00251021149632836 -0.00202578471633513 1.10096995452894E-05 -0.000198174591815459 -0.000253223089541906 0.00188265862224611
Stock impact report

The global economy has a month—eight weeks at most—to avoid a recession, warns top economist [Fortune]

Goldman Sachs Group, Inc. (The) (GS) 
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am Check Earnings Report
US:NYSE Investor Relations: goldmansachs.com/investor-relations
Company Research Source: Fortune
The U.S. isn't invincible Whether a recession in Europe and Asia would be enough to tip the U.S. into a similar contraction is a hypothetical question, but economists on home turf are already concerned about the fundamentals for American growth. Even though the U.S. is relatively shielded from oil inflation (it became a net energy exporter in 2019), last year it still imported 17% of its domestic energy supply, per the U.S. Energy Information Administration. That comes on top of an already diverging picture on the domestic consumer: The emergence of a “K” shaped economy where the gap between those on the higher and lower end of the income spectrum is growing. Moody's chief economist, Mark Zandi, has been warning about the effects of such a split. In a note this week, he wrote that U.S. growth is “fragile,” explaining: “Growth, yes, but less than the economy's potential growth rate, and not sufficient to support any meaningful job growth. Unemployment is still low, but it is ste Show less Read more
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