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Just dropped · Trial Balloon · Ep. 193

The Magnificent Seven

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Trial Balloon · Ep. 193: The Magnificent Seven

Omicron, Inflation Drive Down U.S. Growth Outlook

January 16, 2022 · 4:51 pm ET · Leave a Comment

“The outlook for economic growth in the first quarter and 2022 is darkening amid the latest wave of Covid-19, as consumers grapple with high inflation and businesses juggle labor and production disruptions,” the Wall Street Journal reports.

“Forecasters surveyed by The Wall Street Journal this month slashed their expectation for growth in the first quarter by more than a percentage point, to a 3% annual rate from their forecast of 4.2% in the October survey.”

New York Times: Supply chain woes could worsen as China imposes new Covid policies.

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Taegan Goddard

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