Goldman Sachs on Saturday cut its outlook for U.S. economic growth next year to 3.8 percent from 4.2 percent, citing the emergence of the Omicron variant of the coronavirus one day after the IMF said it’s likely to lower its global growth estimate. Reuters reports that Goldman economist Joseph Briggs said in a note that the Omicron variant could slow economic reopening, but the firm expects “only a modest drag” on service spending.