Goldman Sachs cuts US GDP estimate, now sees economy shrinking 4.6% in 2020

Business Insider

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· *Goldman Sachs** economists lowered their third-quarter US GDP growth forecast to 25% from 33% on Saturday, citing weak consumer services spending and the strong uptick in national coronavirus cases.*
· *Reimplementation of strict lockdowns and social distancing practices in states including California, Florida, and Texas...

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