Goldman Sachs Lowers U.S. Q1 GDP Growth Forecast to 0.1%

According to a report by Jinse, Goldman Sachs economists now expect the annualized growth rate of the U.S. economy in the first quarter to be 0.1%, down from the previous forecast of 0.4%. Last month, new home sales in the U.S. exceeded expectations, but the decline in the construction deflator was less than Goldman Sachs expected, weakening the interpretation of growth adjusted for inflation. The United States will release the preliminary GDP data for the first quarter on April 30.