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Goldman Sachs

Goldman Sachs's Gill: Recession Isn't Our Base Case

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Goldman Sachs macro strategist Gurpreet Gill comments on the US economy, unemployment and monetary policy. "What central banks are trying to engineer is a degree of softening in the labor market," Gill said on Bloomberg Television. "They want to slow the labor market to the extent that companies shelve new hiring plans but don't necessarily engage in large scale layoffs."
BUSINESS

Goldman Sachs' Boak on RBA Policy, Australian Economy

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Andrew Boak, Goldman Sachs Chief Economist for Australia & New Zealand, was one of only three surveyed economists who correctly forecast June's outsized hike from the Reserve Bank of Australia. He joins to discuss how he sees the RBA's policy normalization path in the months ahead and his outlook for the Australian economy. He speaks on "Bloomberg Daybreak: Australia" with Haidi Stroud-Watts and David Ingles.
BUSINESS

Lithium Americas Not Likely To Be Held Back By Goldman Sachs Report

Goldman Sachs recently issued a report predicting a sharp fall in lithium prices. A separate report by BMI, points to supply constraints driven by frequent project delays. Lithium Americas Corp.’s (NYSE:LAC) Caucharí-Olaroz project is about to begin production in the months to come. It’ll be selling lithium into a much more favourably priced market than when the project was initially proposed back in 2016. But according to Goldman Sachs (GS), that is about to change, as the bank predicts a drastic fall in lithium prices over the next couple of years. However, Lithium Americas’ experience planning and building both its Caucharí and Thacker Pass projects show why that isn’t likely to happen.
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Tesla’s record June production a sign of China’s recovery: Goldman Sachs

Goldman Sachs believes Tesla’s recent delivery report reveals Giga Shanghai’s recovery after strict lockdowns hampered production. “We believe 2Q production and delivery numbers were heavily impacted by COVID restrictions in Shanghai (with Tesla’s [China] factory closed for most of April and operating at partial capacity in May),” said Goldman Each’s in a recent note.
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Here’s where a recession is most likely, according to Goldman Sachs

The U.K. is teetering on the edge of recession, say economists at Goldman Sachs, as inflation-battered Britons curtail spending and the Bank of England raises interest rates. The bank’s economists Steffan Ball and Ibrahim Quadri forecast a 0.7% contraction for the second quarter and a 0.1% increase for the third quarter. (GDP data in the U.K. is presented in quarter-on-quarter, rather than annualized as in the U.S.) “This puts the U.K. economy on the edge of a technical recession, and suggests increased focus on U.K. activity data in coming months,” they said.
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