Goldman raises GDP forecast on Biden’s $ 1.9 trillion stimulus plan



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President-elect Joe Biden

Photographer: Mark Makela / Getty Images

Economists at Goldman Sachs Group Inc. have raised their growth forecasts for the United States this year and beyond after President-elect Joe Biden unveiled a sweeping stimulus package calling for $ 1.9 trillion in spending.

In a weekend report to clients, economists led by Jan Hatzius predicted that the economy would grow 6.6% this year, faster than the previously expected 6.4%. The unemployment rate for the end of 2021 is now estimated at 4.5%, down from the previous estimate of 4.8%.

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