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US Economy to Further Weaken Due to Europe’s Natural Gas Crunch: GS

Mount Equity Group Tokyo Japan > News > Markets > US Economy to Further Weaken Due to Europe’s Natural Gas Crunch: GS
  • Goldman Sachs says Europe’s natural gas crunch will spill over and weigh on the US economy.
  • If natural gas flows from Russia stay at their current low levels, US trade with Europe will slow relatively sharply, the bank said.
  • Goldman said the hit to the US would be “a meaningful headwind at a time when growth is already running below potential.”

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