Amid chatters over the US GDP growth, mainly backed by the jump in the coronavirus (COVID-19) vaccinations and President Joe Biden’s stimulus, Goldman Sachs recently came out with the note suggesting fewer days for the bull’s dominance.
While forecasting the peak of the US GDP run-up in Q2 2021, expecting 10.5% figures, Goldman Sachs also mentions a 7% GDP growth forecast for the second half (H2) of the year.
On inflation, the investment bank mentions, “expect that core PCE inflation will temporarily surge above the Federal Reserve 2% target.”
Additional statements”¦
Peak growth rates in Europe, Japan, and EM ex. China, among other economies.
UK economy is rebounding sharply from the Covid crisis.
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