back better plan. also today, u.s. stocks fell as omicron fears trigger stricter measures to contain the highly contagious new variant. cnn business reporter matt egan joins us now. so let s start with goldman sachs. what s it saying now about this dimmer economic outlook? well, victor, goldman sachs is saying that the apparent demise of build back better means the economy in 2022 is not going to grow as fast as they thought it would. just hours after joe manchin announced his opposition to the president s signature legislation, goldman sachs came out and cut its outlook. the wall street bank is now calling for the u.s. economy to grow at an annualized pace of 2%. they previously thought it would be 3%. goldman trimmed its gdp forecast for the second quarter and the third quarter as well, and the bank said, simply put, they said, quote, the failure to pass this bill has, quote, negative growth implications.
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