A sooner-than-expected vaccine could save the economy, but there are still risks at play.
Goldman raised its economic forecasts for next year as it expects “at least one vaccine” to be widely distributed by the second quarter of 2021.
Goldman is forecasting 2021 GDP growth to hit 6.2% on an annual average basis, up from a previous estimate of 5.6% . Goldman says the quicker arrival of a vaccine would boost prospects for an economic recovery—with consumer spending set to accelerate in the first half of 2021 as Americans “resume activities that would previously have exposed them to Covid-19 risk.”
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Goldman Sachs lifts 2021 US GDP forecast to 6.2% and predicts a COVID-19 vaccine will be 'widely distributed' by mid-2021 | Markets InsiderGoldman Sachs raised its 2021 US GDP forecast to 6.2% from 5.6%, driven by expectations that at least one COVID-19 vaccine will be 'widely distr...
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Goldman raises economic growth outlook as it sees a vaccine approval this yearThe firm sees 'at least one' vaccine approved by the end of 2020 and hitting the market for widespread distribution by the second quarter of 2012.
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Russia Has Approved World’s First Covid-19 Vaccine, Putin SaysRegulatory approval for the Russian vaccine comes before final trials are complete, raising concerns about its safety and efficacy.
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Russia unveils first COVID-19 vaccineRussia registered the world’s first Covid-19 vaccine, President Vladimir Putin said,
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Russia first to register coronavirus vaccine worldwide, Putin claims, saying his daughter has had itRussian President Vladimir Putin claimed Tuesday that Russia has developed the first coronavirus vaccine.
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