Goldman Sachs boosts U.S. GDP estimate, sees relief bill at $1.5 trillion

FILE PHOTO: A view of the Goldman Sachs stall on the floor of the New York Stock Exchange July 16, 2013. REUTERS/Brendan McDermid

(Reuters) – Economists at Goldman Sachs Group Inc on Monday bumped their U.S. GDP forecast for the second quarter to 11% from 10% and said that additional fiscal measures are likely to be valued at $1.5 trillion, up from their previous $1.1 trillion estimate.

On an annual basis, they raised their forecasts for 2021 and 2022 growth by 0.2 percentage points each, to 6.8% and 4.5%, respectively.

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