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Goldman Sachs cuts growth estimates for the US economy. Incorporating the possible effects of the Omicron variant on growth, the US business house now indicates US GDP to mark + 3.8% for 2022 from the + 4.2% previously indicated. uncertainty about the emergence of the Omicron variant. “While many questions remain unanswered, we now think a moderate bearish scenario is more likely where the virus spreads faster but immunity against serious illness is only slightly weakened,” said Joseph Briggs, an economist at Goldman Sachs. The new variant could slow the economic reopening, but Goldman expects “only a modest brake” on spending on services.