Goldman sees major GDP bounce ahead from stimulus bill

SourceCNBC
SectorEconomy
CountryMiddle east

The East Front of the Capitol is plowed as snow continues to fall in Washington on Sunday, Jan. 31, 2021. Congress could pass economic stimulus up to $1.5 trillion, an increased estimate from Goldman Sachs that has prompted the firm also to raise its already optimistic outlook for second-quarter growth. While President Joe Biden has proposed $1.9 trillion in new spending, Goldman expects the final figure to be below that level but above its previous estimate of $1.1 trillion. ...read more...