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Goldman Sachs upgrades Q1 2021 GDP forecast to 5% after $900 billion stimulus bill passed

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Summary List Placement

  • The US economy will grow 5% in the first quarter of 2021, according to a new analysis from Goldman Sachs, which previously expected growth of 3% in the first three months of next year.
  • The bank upgraded its first quarter GDP growth forecast after President Trump signed a $900 billion stimulus bill on Sunday, which was larger in size and came sooner than Goldman expected.
  • The inclusion of $600 stimulus checks in the bill will likely lead to a “large increase” in disposable income early next year, Goldman said.
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