September is known for being a seasonally volatile month, but long-term, some are looking at the glass half full. Goldman Sachs has become more optimistic about U.S. economic growth, as it expects that by Q2 2021, an effective COVID-19 vaccine will be “widely distributed.” Based on this assumption, the firm’s chief economist Jan Hatzius bumped up his 2021 U.S. GDP forecast from 5.6% to 6.2%. On top of this, 2021 unemployment levels also might not be as dismal as previously expected, with the economist calling for the figure to land at 6.5%, versus his previous 7% estimate. This modest …read more
Source:: Yahoo Finance
