BREAKING: Trump Gets AMAZING News – Biden Isn’t Able To…

The U.S. economy is recovering from the effects of the coronavirus and shutdowns at a much faster pace than economists expected.

Economists at Goldman Sachs have upgraded their expectations from 30% to 35% for 3rd quarter GDP after consumer spending proved to be strong in spite of higher savings rates over the summer.

Merill Lynch upgraded its growth forecast from 15% to 27% citing strong hiring and a booming housing market in addition to retail sales.

The Conference Board predicted 32.9% growth, and the Wall Street Journal predicted 23.9% growth, both for the third quarter.

Despite ups and downs in coronavirus trends, more and more businesses are reopening and increasing their capacity, which has led to the growth numbers.

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