Goldman Sachs trims US growth forecasts on slower service sector recovery By Reuters – Investing.com
- Date: 26-Jul-2021
- Source: Investing.com
- Sector:Economy
- Country:Middle East
Goldman Sachs trims US growth forecasts on slower service sector recovery By Reuters – Investing.com
LONDON (Reuters) - Goldman Sachs (NYSE:) trimmed its U.S. economic growth forecast for remainder of the year on Monday, citing a slower recovery in the services sector.
The Wall Street bank revised both Q3 and Q4 growth 1 percentage point lower, to 8.5% and 5.0% respectively. That left the 2021 growth forecast at 6.6% on a full-year basis.
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