KONTAN.CO.ID - NEW YORK. Goldman Sachs Group Inc has downgraded its U.S. growth forecast for the first and second quarters in the wake of the economic fallout from the coronavirus outbreak. In a note sent on Sunday, the U.S. bank said it now sees real gross domestic product growth of 0% in the first three months of the year, from its original estimate of 0.7% expansion. For the second quarter, it sees U.S. growth contracting to -5.0% from its initial forecast of 0%.
Goldman Sachs cuts U.S. growth forecast for Q1, Q2 due to coronavirus
KONTAN.CO.ID - NEW YORK. Goldman Sachs Group Inc has downgraded its U.S. growth forecast for the first and second quarters in the wake of the economic fallout from the coronavirus outbreak. In a note sent on Sunday, the U.S. bank said it now sees real gross domestic product growth of 0% in the first three months of the year, from its original estimate of 0.7% expansion. For the second quarter, it sees U.S. growth contracting to -5.0% from its initial forecast of 0%.