Goldman Sachs increases its 4th-quarter GDP-growth estimate to 5% on promise of mass vaccinations

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The promise of mass vaccinations to quell the COVID-19 pandemic will help spur economic growth in the fourth quarter and beyond, according to Goldman Sachs.
In a note on Tuesday, Goldman Sachs’ Chief Economist Jan Hatzius increased its fourth quarter GDP growth estimate to 5% from 3.2%.
“We seem to be finding that the impact of a given virus outbreak on economic activity is not only smaller in the US than in Europe but also continues to diminish from one wave to the next,” Hatzius said.
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