Goldman: Strong 2021 Economy, But It Will ‘Get Worse Before It Gets Better’

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Goldman Sachs reportedly projects GDP will grow at a 5.3% pace in 2021, ahead of the Federal Reserve consensus of around 4%.

However, the firm cautions that the pace of the economic recvoery will likley “get worse before it gets better” due to coronavirus spread, CNBC reported.

“Fiscal support has largely dried up for now, leaving disposable income lower in the final months of the year. But the largest risk is that the third wave of the coronavirus is likely to worsen with colder temperatures,” Goldman economist David Mericle wrote in a report cited by CNBC.

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