Last week, the famous bank Goldman Sachs (NYSE: GS ) had lowered its growth forecast for the United States for Q1 to 0%, and its forecast for Q2 to -5%.
However, the bank has already announced a downward revision of its forecasts this Friday, and these new forecasts have been drastically reduced.
The bank therefore now anticipates an annual contraction in US GDP of -6% in Q1, and -24% in Q2!
Recall that yesterday, the JP Morgan bank had in turn anticipated a fall in GDP of 4% in Q1, then 14% in Q2, for a GDP down -1.5% over the whole of 2020 , in taking into account hypothetical rebounds in Q3 and Q4.
The bank’s chief economist for the US, Michael Feroli, also predicted that unemployment would increase to 6.25% by the middle of the year before falling to around 5.25% by the end. of the year with the resumption of economic growth.
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