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Goldman Sachs warns that the coronavirus could slow the US economy
The fast-spreading coronavirus could slow first quarter growth of the United States economy, according to a new report from Goldman Sachs. Analysts at the firm forecast a 0.4 percentage point decline on US annualized growth through March. But it's not all doom and gloom: Goldman Sachs (GS) also predicts that growth will rebound in the second quarter by roughly the same amount. The note said that it doesn't "find a clearly discernible effect of past pandemic scares on aggregate US activity." Overall, analysts predict the coronavirus will result in "only a small net drag" for the full year. Reasons for the slight ... (full story)
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