Goldman Sachs Group cut its US economic growth estimates for 2023 after recently boosting its predictions for Federal Reserve interest rate hikes.
US gross domestic product will increase 1.1 per cent in 2023, economists including Jan Hatzius wrote in a note on Friday, compared with a forecast of 1.5 per cent previously.
The projection for 2022 was left unchanged at 0 per cent.
Goldman raised its federal funds rate forecast by 75 basis points over the past two weeks for a terminal rate forecast of 4 per cent to 4.25 per cent by the end of 2022.
“This higher rates path combined with recent tightening in financial conditions implies a somewhat worse outlook for growth and employment next year,” the economists said.
“Our growth forecast is slightly below consensus and implies a below-potential growth trajectory that we believe is necessary to cool wage and price inflation.”
The Fed’s rate hike path has been a top focus for economists and investors this year as the central bank seeks to cool stubbornly high inflation.
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The past Palme d'Or winners
2018 Shoplifters, Hirokazu Kore-eda
2017 The Square, Ruben Ostlund
2016 I, Daniel Blake, Ken Loach
2015 Dheepan, Jacques Audiard
2014 Winter Sleep (Kış Uykusu), Nuri Bilge Ceylan
2013 Blue is the Warmest Colour (La Vie d'Adèle: Chapitres 1 et 2), Abdellatif Kechiche, Adele Exarchopoulos and Lea Seydoux
2012 Amour, Michael Haneke
2011 The Tree of Life, Terrence Malick
2010 Uncle Boonmee Who Can Recall His Past Lives (Lung Bunmi Raluek Chat), Apichatpong Weerasethakul
2009 The White Ribbon (Eine deutsche Kindergeschichte), Michael Haneke
2008 The Class (Entre les murs), Laurent Cantet
TOURNAMENT INFO
Opening fixtures:
Friday, Oct 5
8pm: Kabul Zwanan v Paktia Panthers
Saturday, Oct 6
4pm: Nangarhar Leopards v Kandahar Knights
8pm: Kabul Zwanan v Balkh Legends
Tickets
Tickets can be bought online at https://www.q-tickets.com/apl/eventlist and at the ticket office at the stadium.
TV info
The tournament will be broadcast live in the UAE on OSN Sports.
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Shower or bath after being outside.
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If driving, turn your engine off when stationary.
