The storied investment bank has forecast GDP growth to come in below Wall Street’s consensus for the first time in 2½ years.
  • jacksilver@lemmy.world
    18·
    7 days ago

    I’m surprised no one has been mentioning the federal cuts and layoffs as a point of concern for the economic forecast.

    Obviously the tarrifs are really bad, but stopping payments to a large number of organizations and laying off a lot of people is also probably going to have significant impacts too.

    • TacoButtPlug@sh.itjust.worksEnglish
      1·
      2 days ago

      Yea idk. Stories like this signal for private equity to swoop in and dismantle public holdings. Banks don’t give a shit about grants and workers.

    • Infynis@midwest.socialEnglish
      2·
      6 days ago

      It’s not at the same scale, that’s why it also doesn’t actually make a difference in “saving money”

      • jacksilver@lemmy.world
        2·
        6 days ago

        I actually think the impacts to the federal government will have farther reaching and longer lasting impacts than the tariffs.

        I know a lot of people in that space and what’s going on is somewhat terrifying.