Tag: Economic Forecast

Economic Forecast Downgraded by Goldman Sachs

Joe Biden’s economy has been dealt another blow as Goldman Sachs has downgraded its economic forecast. According to The Washington Free Beacon: The economists in a Sunday note to clients blamed the downgrade on “a longer-lasting virus drag on virus-sensitive consumer services spending,” a decreased financial stimulus, and a shortage in semiconductors, MarketWatch reported. China, which has

White House Breaks Precedent by Skipping Summer Economic Forecast

The White House has decided to break precedent and skip the summer economic forecast due to the coronavirus. According to The Hill: The White House will not release an updated round of economic projections this summer, breaking from precedent as the U.S. faces its deepest downturn since the Great Depression, two administration officials familiar with