More from Goldman Sachs GDP forecasts for this year (big GDP, low inflation)
I posted on economic growth forecasts from the bank last week, updating again here with a snippet on what the bank is looking for y/y ahead.
- 2021 GDP forecast to 8%
GS citing the enormous fiscal stimulus coming out of Washington.
On the Fed's twin mandates, Goldman Sachs projections:
Unemployment rate 4% at end-2021
- 3.5% in 2022
- 3.2% in 2023
- 2.1% core PCE inflation in 2023
The low inflation expectations are pretty much consensus across analysts. Upside surprises in the number could set bond yields on renewed fire.