【CNBC】Goldman Sachs cuts GDP forecast because of stress on small banks, which are key to U.S. economy
【CNBC】Goldman Sachs cuts GDP forecast because of stress on small banks, which are key to U.S. economy
2023.03.17
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- Goldman Sachs lowered its growth forecast by 0.3 percentage points to 1.2% for 2023, as gauged by the fourth quarter of 2022 to the fourth quarter of this year.
- Analysts believe a pullback in lending will lead to substantial tightening in bank lending standards, dragging down growth already affected by tightening in recent quarters.
- Banks with less than $250 billion in assets comprise about 50% of U.S. commercial and industrial lending.
