In the opinion of the economists of Goldman Sachs, it is US economic recovery likely to strengthen in second quarter 2021.
Key points:
The Second quarter GDP may improve at a rate of 11% versus 10% previously expected.
The stimulus baseline has moved to $ 1.5 trillion from $ 1.1 trillion and that has led to the momentum, which runs throughout the year.
The GDP forecast for 2021 is now 6.8% versus the previous estimate of 6.6%.
In 2022, it is anticipated that economy will grow 4.5% versus 4.3% previously.
The Fed is expected to gradually decrease its QE in early 2022, having raised its take-off forecast to the first half of 2024 from the second half.
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