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Goldman Sachs cuts its US GDP forecast for the 2nd time in a month after last week's soft jobs report - but lays out 2 reasons why it's still optimistic
While consumption in the US has jumped by 16% since the depths of the pandemic, the path forward lo…
Shalini Nagarajan
US GDP grew 6.4% in the first quarter as the economy began to reopen
The US has now recovered about 96% of its pandemic-era decline in output. A 10% surge for first-qua…
Ben Winck,Andy Kiersz
The US economy could take nearly a decade to recover from the coronavirus pandemic, according to the CBO
The $3.3 trillion in stimulus provided by Congress will only "partially mitigate the deterioration …
Carmen Reinicke
Goldman Sachs lifts US GDP forecast to 6.6% in 2021 on Biden's $1.9 trillion stimulus package
Biden's $1,400 stimulus checks will cause a "large spike" in disposable income, Goldman economists …
Shalini Nagarajan
US GDP badly missed growth estimates in the 2nd quarter - but the economy is still bigger than it was before the COVID-19 recession
US economic output grew at an annualized rate of 6.5% in the second quarter, missing the 8.5% estim…
Ben Winck,Andy Kiersz
US economic growth will hit 7% this year on major stimulus boost, BofA says in latest upgrade
The $1.9 trillion stimulus plan approved this month contributed to a 45% jump in card spending from…
Ben Winck
Goldman Sachs upgrades third-quarter US GDP forecast to 35% after stronger-than-expected August jobs report
Goldman Sachs economists said: "We upgraded our near-term growth forecasts based on the much strong…
Saloni Sardana
US GDP could slump by as much as 42.8% in the 2nd quarter, Atlanta Fed says
In the last week, a slew of negative reports showed further damage to the US economy from sweeping …
Carmen Reinicke
The US economy is set to grow at the fastest pace since 1984 thanks to stimulus and the rapid vaccine rollout, the OECD said
The OECD said US growth was already picking up, aided by President Joe Biden's $1.9 trillion stimul…
Harry Robertson
The US economy will grow 7.9% in 2021 as stimulus juices consumer spending, UBS says
Growth will remain strong throughout 2022 as the government passes yet another relief bill to aid t…
Ben Winck
Goldman Sachs slashes US growth forecasts as spiking coronavirus cases drive economic slowdown
Though GDP forecasts for the next two quarters were revised lower, Goldman expects vaccine distribu…
Ben Winck
US GDP slumped 4.8% in the first quarter, ending the longest economic expansion on record
The sharp contraction in gross domestic product reflects the swift impact of the coronavirus pandem…
Carmen Reinicke
IMF lifts US growth outlook for this year to 7%, says Fed may need to hike rates earlier than it expects
The Biden administration's infrastructure, jobs and families plans are expected to boost the US eco…
Sophie Kiderlin
The US economic recovery is turning from 'forecast to fact' but inflation is not a concern, Goldman Sachs says
Goldman said it was less worried than some of its peers about inflation, predicting that the econom…
Harry Robertson
Bank of America boosts 3rd-quarter GDP forecast and lowers 4th-quarter outlook on mix of pros and cons
While recent data point to a stronger-than-expected recovery, the lack of a stimulus deal is a "spe…
Ben Winck
The US economy will shrink in the 1st quarter of 2021 as winter weather spurs virus resurgence, JPMorgan says
Distribution of a coronavirus vaccine and a $1 trillion stimulus package can quickly reverse the fi…
Ben Winck
Top 10 countries with the highest GDP in 2024! See where India stands
GDP, or Gross Domestic Product, is a key economic indicator that provides important insights into t…
Goldman Sachs sees lower US GDP growth in 2022 on worries Omicron could threaten recovery
Omicron could worsen the goods supply shortage if its spread in other countries warrants tightening…
Shalini Nagarajan
US GDP grew a weaker-than-expected 4% in the 4th quarter as COVID-19 cases soared
Despite back-to-back quarters of relatively strong growth, US economic output still sits just below…
Ben Winck
'A banner year': US GDP will grow 6% in 2021 as businesses feel the full effect of pandemic relief policies, says a chief investment strategist
"Most of what we've done this last year is really going to start to take hold in 2021," Jim Paulsen…