The investment banking giant Goldman Sachs foresees Washington’s stalemate on additional fiscal stimulus leading to a slower than expected US economic growth in the fourth quarter. Economists have lowered their fourth-quarter gross domestic product forecast to 3% from 6% on a quarter-on-quarter basis after revising its base case to include a lack of additional fiscal stimulus until 2021, according to Business Insider. Key quote (Source: Goldman’s client note via Business Insider) “We had previously assumed that Congress would attach a $1 trillion stimulus package to the continuing resolution at the end of this month that would include a partial extension of the extra unemployment benefit and additional PPP loans. We now think that any further stimulus will wait until early 2021,” Thursday’s client note said. We are more confident that the widespread distribution of a coronavirus vaccine to the entire population will be achieved by Q3 rather than Q2 of the next year. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next PBOC has set the yuan reference rate at 6.8121 FX Street 1 year The investment banking giant Goldman Sachs foresees Washington's stalemate on additional fiscal stimulus leading to a slower than expected US economic growth in the fourth quarter. Economists have lowered their fourth-quarter gross domestic product forecast to 3% from 6% on a quarter-on-quarter basis after revising its base case to include a lack of additional fiscal stimulus until 2021, according to Business Insider. Key quote (Source: Goldman's client note via Business Insider) "We had previously assumed that Congress would attach a $1 trillion stimulus package to the continuing resolution at the end of this month that would include a partial extension… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
