U.S. Economic Growth Forecasts Revised Up: Goldman Sachs

A report by Goldman Sachs on Monday showed a rise in the bank’s expectations for the growth of the gross domestic product (GDP) in the United States during the second quarter of 2021 to 11% from a previous estimate of 10%.

Goldman Sachs now sees additional fiscal measures at $1.5 trillion, compared with their previous estimate of $1.1 trillion.

The report also raised the expectation for the economic growth rate during the coming two years by 0.2%.

Goldman Sachs sees the American economy growing by 6.8% in 2021 and by 4.5% in 2022.