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GOLDMAN SACHS DOWNGRADES ITS OUTLOOK FOR US ECONOMIC GROWTH

Published On 16 Mar 2020 09:46 AM


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Highlights

  • The first-quarter GDP growth forecast was lowered to zero from 0.7%
  • In the second quarter, a 5% contraction will be observed

On Sunday, for the first two quarters of 2020, Goldman Sachs downgrades its outlook for the economy. It is on account of the effects of the coronavirus on growth.

The chief economist at Goldman Sachs, Jan Hatzius lowered his first-quarte....


Tags : US Economy, Goldman Sachs, economic growth, US Economic growth, GDP growth forecast,
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