Goldman Sachs raises GDP forecasts, says next fiscal package could hit $4 trillion

seekingalpha2021-03-15

In light of the $1.9T fiscal package just enacted, Goldman Sachs is bumping up its forecasts for GDP growth. From Q1 2021 to Q4 2021, Goldman Chief Economist Jan Hatzius sees GDP of +6%, +11%, +8.5% ...

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Comments

PJoo
2021-03-16
PJoo
Money comes from tree in US.
ideallyideal
2021-03-16
ideallyideal
[驚訝]
MMMMMMMMMMM5
2021-03-15
MMMMMMMMMMM5
Wow
KL123
2021-03-15
KL123
Reply to my comment :) thx !
Chounz
2021-03-15
Chounz
Nice
Jovan
2021-03-15
Jovan
wow
- Jovan:
  hi

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Goldman raises its GDP forecast 60 basis points to +5.1% on a full-year basis and by 50 basis points to +2.9% on a Q4/Q4 basis, compared with the consensus of +3.8% and +2.6%.\nWhile details on the next package are scarce, Goldman expects \"the White House to propose at least $2 trillion for infrastructure, though this could reach as much as $4 trillion if the proposal extends to other areas (e.g., child care, health care, or education). Increases in the corporate and capital gains tax rates look likely to finance a portion of this, though we believe it will be difficult for Congress to agree on more than around $1 trillion in such offsets.\"\n\"While the next major fiscal proposal might come with a large headline number, it is likely to have a much smaller impact on growth in 2021 and 2022, as the spending will be more evenly distributed over several years and some of it will likely reflect spending that would have happened in any case. Offsetting tax increases could also incrementally dampen the effects.\"\nWhile the U.S. looks alone in its stimulus spending by the sheer size of its rescue packages,many other counties are actually close in their efforts.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":325060368,"gmtCreate":1615851860654,"gmtModify":1704787387533,"author":{"id":"3572863479502236","authorId":"3572863479502236","name":"PJoo","avatar":"https://static.tigerbbs.com/c1df329f4341646fc633446858d34c31","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3572863479502236","authorIdStr":"3572863479502236"},"htmlText":"Money comes from tree in US.&nbsp;","listText":"Money comes from tree in US.&nbsp;","text":"Money comes from tree in US.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325060368","repostId":1181577151,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322738461,"gmtCreate":1615825700253,"gmtModify":1704787223793,"author":{"id":"3574859692860380","authorId":"3574859692860380","name":"ideallyideal","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3574859692860380","authorIdStr":"3574859692860380"},"htmlText":"[驚訝]&nbsp;","listText":"[驚訝]&nbsp;","text":"[驚訝]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322738461","repostId":1181577151,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":322497401,"gmtCreate":1615819545403,"gmtModify":1704787084545,"author":{"id":"3577004405895578","authorId":"3577004405895578","name":"MMMMMMMMMMM5","avatar":"https://community-static.tradeup.com/news/569363eac18cab5a240c47cedf304bd3","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":4,"crmLevelSwitch":1,"idStr":"3577004405895578","authorIdStr":"3577004405895578"},"htmlText":"Wow&nbsp;","listText":"Wow&nbsp;","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322497401","repostId":1181577151,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322402885,"gmtCreate":1615818939447,"gmtModify":1704787068621,"author":{"id":"3574927733378333","authorId":"3574927733378333","name":"KL123","avatar":"https://community-static.tradeup.com/news/f8bc4b7315162dd405123160275321a4","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3574927733378333","authorIdStr":"3574927733378333"},"htmlText":"Reply to my comment :) thx !&nbsp;","listText":"Reply to my comment :) thx !&nbsp;","text":"Reply to my comment :) thx !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322402885","repostId":1181577151,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322401645,"gmtCreate":1615818813887,"gmtModify":1704787062959,"author":{"id":"3577323067833105","authorId":"3577323067833105","name":"Chounz","avatar":"https://static.tigerbbs.com/984ba0e3676b05b30a09c829b411eb2d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3577323067833105","authorIdStr":"3577323067833105"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322401645","repostId":1181577151,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322403815,"gmtCreate":1615818773437,"gmtModify":1704787061665,"author":{"id":"3576639790710106","authorId":"3576639790710106","name":"Jovan","avatar":"https://static.tigerbbs.com/ea3e02f074458d0887fe14d820b5360a","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3576639790710106","authorIdStr":"3576639790710106"},"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/322403815","repostId":1181577151,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3856534,"gmtCreate":1616432600872,"gmtModify":1680781316955,"authorId":3576639790710106,"author":{"id":3576639790710106,"idStr":"3576639790710106","authorId":3576639790710106,"name":"Jovan","avatar":"https://static.tigerbbs.com/ea3e02f074458d0887fe14d820b5360a","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322403815,"type":1,"supId":0,"prevId":0,"content":"hi","text":"hi","html":"hi"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":22,"commentSize":8,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 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