The World Bank slashed its forecast for global growth this year to 2.9 percent, which is remarkably lower than the 4.1 percent forecast in January.
According to Reuters, Biden's approval rating has been below 50 percent for more than six months.
Meanwhile, according to a Labor Department report, US job openings dropped in April from a record in March.
Blankfein's grim comment came even as the US Federal Reserve continues to raise interest rates to control rising inflation.
The Federal Open Market Committee, the Fed's policy-making body, decided to raise the target range for the federal funds rate to 0.75 to 1 percent.
The electric vehicle and solar panel company reported $18.7 billion in revenues in the first quarter.
Emerging from the slack built up over the last two years due to the coronavirus pandemic, the Federal Reserve has no way but to tighten the monetary policy.
Japan raises its climate goal marked in April 2021 and vows to achieve the 2030 target of reduced emissions by 46 percent
South Korea and Singapore have tightened their monetary policies amidst risks from Ukrainian War.
Earlier in March, the International Monetary Fund had said that Ukraine's economy was expected to contract by 10 percent in 2022.
Fed policymakers hope to rein in inflation without stomping on growth or sending unemployment back up.
Russia has banned exports of telecom, medical, auto, agricultural, electrical and tech equipment, among other items, until the end of 2022.
If new sanctions target Russian energy companies, Russia would be ready to re-route its supplies to other markets, says the finance minister.
India to introduce new digital rupee in 2022-23.
The Fed is on track to conclude its asset purchase program in mid-March as it exits from the ultra-loose monetary policy enacted at the start of the pandemic.