Goldman Sachs predicts U.S. economy will grow 8% this year

[DonViejo]

Source: Axios


11 hours ago - Economy & Business

Dion Rabouin

Economists at Goldman Sachs raised their GDP growth expectations for the U.S. economy to 8% for 2021 in a note to clients on Sunday night.

Why it matters: If Goldman's forecast is correct, it would mark the largest economic expansion for the U.S. in generations.

Not only would 8% annual growth denote a stupendous turnaround from the coronavirus pandemic, it would significantly outpace the firm's growth expectations for the U.S. from as recently as late 2020.

What they're saying: "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 forecast


Read more: https://www.axios.com/goldman-sachs-us-economy-grow-8-per-cent-2021-eb7e1d84-b6fa-483a-9e19-37a7faddadc0.html

[IronLionZion]

1. It will trickle up

from people paying off bills because they were behind on rent or lost income due to COVID. As the lowest income workers get back on their feet, it will trickle up as they spend stimulus checks on the necessities of life.

[3825-87867]

2. Maybe not a financial geyser

but at least an economic artesian well.

[erpowers]

3. If It Happens

If the economy actually grows by 8% that would be great for Democrats. I hope Democrats talk about this often if the economy grows by 8%.

[hamsterjill]

4. So hope this happens!

Jobs! Jobs!! Jobs!!!