US economy to expand by 11% in Q2 2021 – Goldman Sachs
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In the view of the economists at Goldman Sachs, the US economic recovery is likely to strengthen in the second quarter of 2021.
Key points
Q2 GDP improving at an 11% pace vs. 10% forecast previously.
The baseline on stimulus has moved up to $1.5 trillion from $1.1 trillion and that's led to the boost, which extends through the year.
2021 GDP forecast is now 6.8% vs. the previous estimate of 6.6%.
In 2022, the economy is seen growing 4.5% versus 4.3% previously.
The Fed is expected to taper in early 2022, having moved up the lift-off forecast to H1 2024 from H2.
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