“We have raised our GDP forecast to reflect the latest fiscal policy news and now expect 8% growth in 2021 (Q4/Q4) and an unemployment rate of 4% at end-2021 — the lowest among consensus forecasts—that falls to 3.5% in 2022 and 3.2% in 2023.”
The la$t time U.$. GDP hit 8% growth wa$ in 1951.
The la$t time U.$. GDP hit 8% growth wa$ in 1951.
The last time U.S. GDP hit 8% growth was in 1951.
(Just wanna’ make sure you see it CLEARLY.)
- Goldman Sachs lifted its 2021 US growth forecast to 8% from 7.7%, citing new stimulus for the boost.
- The bank also expects Biden and Democrats to pass at least $2 trillion in infrastructure spending.
- That sum could hit $4 trillion if the deal includes education, child-care, and health-care spending.
Goldman Sachs joined its Wall Street peers in revising its US economic outlook on Saturday, pegging an increasingly bullish forecast to Democrats’ latest stimulus package.
The team led by Jan Hatzius now expects US gross domestic product to grow 8% in 2021 on a fourth-quarter-to-fourth-quarter basis, according to a note published Saturday. That’s up from the previous estimate of 7.7%. The bank’s full-year growth estimate climbed to 7% from 6.9%.
The current-year projection largely hinges on President Joe Biden’s stimulus plan, as Goldman had initially expected a $1.5 trillion deal to reach Biden’s desk. The $1.9 trillion plan signed by the president on Thursday will accelerate the nation’s economic recovery through Read the rest of this entry »
Warm Southern Breeze 