Goldman sees major GDP bounce ahead from stimulus bill

Goldman sees major GDP bounce ahead from stimulus bill

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.