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Omicron, Inflation Drive Down U.S. Growth Outlook
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The outlook for economic growth in the first quarter and 2022 is darkening amid the latest wave of Covid-19, as consumers grapple with high inflation and businesses juggle labor and production disruptions.
Forecasters surveyed by The Wall Street Journal this month slashed their expectation for growth in the first quarter by more than a percentage point, to a 3% annual rate from their forecast of 4.2% in the October survey.
Read more on wsj.comAbout this in other media
Eurozone Inflation Rises to Fresh Record, Against Expectations wsj.com /2 years ago
UK shop price inflation almost doubles in January theguardian.com /2 years ago
Inflation fears prompt consumers to run down savings, says Bank theguardian.com /2 years ago
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