Goldman Sachs lowers US growth forecast

By Xinhua News Agency

Sep 08, 2021 1:00 am

WASHINGTON, D.C.: US investment bank Goldman Sachs on Monday (Tuesday in Manila) revised down its forecast for US economic growth this year as American consumers are likely to spend less amid a Delta variant-fueled Covid-19 surge, according to Bloomberg News.

Goldman Sachs economist Ronnie Walker wrote in a report to clients on Monday (Tuesday in Manila) that overall US economic expansion in 2021 is now seen at 5.7 percent, lower than 6 percent estimated at the end of August, Bloomberg reported.

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