Morgan Stanley slashes 2022 US GDP forecast from 4.9% to 4.6%

Dhwani Mehta FXStreet

In lieu of the latest wrangling over the US fiscal spending plan, analysts at Morgan Stanley have lowered the US GDP growth forecast for the next year.

Key quotes

"Lowers 2022 forecast to 4.6% from 4.9%, citing failure (so far) of Biden's Build Back Better due to the Manchin "No"."

"Sees unemployment at 3.6% by Q4 (unchanged forecast)."

Read: US 2022 GDP growth seen at 3.8% versus 4.2% prior – Goldman Sachs

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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