Goldman Sachs Raises US Q2 GDP Growth Forecast to 2.4%, Ruling Out Near-Term Recession Risk

BlockBeats News, May 6th: Most US banks have quietly raised their economic outlook. Last night, Goldman Sachs led the way by releasing a report that significantly raised the US second-quarter GDP growth rate expectation from -0.3% to 2.4%. This would put it above the average GDP growth rate since 2022.

Goldman Sachs has effectively ruled out the possibility of a near-term recession and expects other banks to follow suit and adjust their outlooks. (Xinhua News)