Monday, 26 July 2021

Goldman Sachs lowers US Q3 GDP forecast to 8.5% from 9.5% previously

Goldman Sachs lowers US Q3 GDP forecast to 8.5% from 9.5% previously

Some risks seeping into the US economy?

On the change, Goldman says that it sees lower 2H 2021 consumption growth on virus risks. If you're looking at the glass as half-empty, that's a fair assessment given that another fresh wave of infections is starting to brew in the US.

The key question though is, will the Fed view it the same way later this week?

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July 26, 2021 at 11:24PM
Justin Low
https://ift.tt/3zDbfUo

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