U.S. Banks Adjust Economic Forecasts Amid Optimism

According to Odaily, several U.S. banks have quietly raised their economic forecasts. Last night, Goldman Sachs led the way by releasing a report that significantly increased its U.S. GDP growth forecast for the second quarter from -0.3% to 2.4%. This adjustment places the growth rate above the average GDP growth since 2022. Goldman Sachs has effectively ruled out the possibility of a near-term recession and anticipates that other banks will follow suit and revise their forecasts.