Experts expect economic growth to lessen this year, next

Economic growth expected to dip this year, next year
Posted at 12:44 PM, Oct 11, 2021
and last updated 2021-10-11 13:46:25-04

NEW YORK, New York — Experts at Goldman Sachs say economic growth for this year and 2022 will be lower than expected.

Bloomberg says the firm is tying the declines in expectations for consumer spending.

They looked at several factors, including the reopening process for businesses and how much money Americans have saved.

It says the latest surge in cases continues to hamper people's willingness to spend money.