Yonhap Infomax NewsGoldman Sachs warns that a sharp US stock market decline could significantly dampen economic growth, with a 10% drop potentially cutting GDP forecasts by 0.5 percentage points and a 20% fall reducing them by nearly 1 point, citing risks to consumer spending and the wealth effect.
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Goldman Sachs Says Stock Market Decline Now Poses Greatest Threat to US Economy
Goldman Sachs warns that a sharp US stock market decline could significantly dampen economic growth, with a 10% drop potentially cutting GDP forecasts by 0.5 percentage points and a 20% fall reducing them by nearly 1 point, citing risks to consumer spending and the wealth effect.