Goldman Cuts U.S. Growth Forecasts for 2021, 2022

The video discusses various economic challenges, including supply constraints and the impact of the virus on GDP forecasts. It highlights the chip shortage affecting retail sales, particularly in the automotive sector. Inflation is a major focus, with concerns about its persistence and the Federal Reserve's potential tapering actions. The video also covers global central bank actions, such as the Bank of Korea and Reserve Bank of India's decisions to adjust their monetary policies.

What are some of the economic challenges mentioned that affect GDP forecasts?

• Stable inflation rates

• Increased foreign investments

• High employment rates

• Supply constraints and delta variant

Why are retail sales expected to decline in September?

• Chip shortage affecting car sales

• Decrease in consumer interest

• Increase in online shopping

• High inflation rates

What is the main focus for the US this week according to the transcript?

• Employment rates

• Inflation rates

• GDP growth

• Interest rates

What significant action is the Federal Reserve expected to announce in November?

• Tapering of bond purchases

• Increase in interest rates

• Introduction of new stimulus

• Reduction in employment targets

Which central bank recently stopped its bond purchase program?

• European Central Bank

• Federal Reserve

• Reserve Bank of India

• Bank of Korea