Goldman Sachs Raises US Q2 GDP Growth Forecast to 2.4%, Rules Out Near-term Recession

According to a report by Jinse Finance, most American banks have quietly raised their economic forecasts. Last night, Goldman Sachs took the lead by releasing a report that significantly raised the U.S. GDP growth forecast for the second quarter from -0.3% to 2.4%, which would make it higher than the average GDP growth rate since 2022. Goldman Sachs has effectively ruled out the possibility of a near-term recession and expects other banks to follow suit and adjust their forecasts. (Jin10)