Goldman Sachs economists are expecting the economy to spring in spring. They see Q2 GDP improving at an 11% pace, better than their 10% forecast previously.
Their baseline on stimulus has moved up to $1.5 trill ion from $1.1 trillion and that’s led to the boost, which extend through the year. Their 2021 forecast is now 6.8% comapred to 6.6% previously.
In 2022 they see the economy growing 4.5% versus 4.3% previously.
They now see the Fed tapering in early 2022 and have moved up their liftoff forecast to H1 2024 from H2.