Goldman Sachs Predicts 5,000 Monthly Job Losses in 2024 Due to Rising Corporate Debt Costs

  • Goldman Sachs anticipates a $2 trillion corporate debt wall resulting in losses of about 5,000 jobs per month in 2024 and potentially doubling in 2025.
  • Rising interest costs as companies refinance their debt at higher rates might lower capital expenditures and drive labor cost cuts.
  • The most affected companies will be unprofitable ones due to their penchant for cutting jobs to balance costs.
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