Goldman Sachs expects COVID-19 vaccine to carry the economic system in 2021

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Yahoo Finance

Jan Hatzius, chief economist at Goldman Sachs, thinks the huge distribution of COVID-19 vaccines will assist carry the U.S. economic climate in 2021. Mr. Hatzius, who has forecast growth within the nation’s economic climate by three % in the first quarter, raised his entire year projection from five to five.three percent. “We estimate the vaccine enhance in line with the belief of a pointy soar-again within the most virus-sensitive industries, with reopening of businesses, reduced risks, pent-up demand for services, and a big quantity of accumulated excess rate reductions all presenting a tailwind,” he mentioned.

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