- Prison Planet.com - http://www.prisonplanet.com -
Goldman Sachs Slashes Its US GDP Forecast Again
Posted By admin On August 20, 2011 @ 5:35 am In Money Watch,Tile | Comments Disabled
Aug 20, 2011
Goldman Sachs said Friday that it is cutting the firm’s estimates for U.S. growth in the second half of this year to between 1 percent and 1.5 percent, as it sees the economy “losing further momentum.”
“In light of the downshift in the data this week, we are cutting our second-half growth forecasts further,” Goldman said in a research note. It was the firm’s third cut in GDP estimates in August.
Goldman now expects gross domestic product growth of 1.0 percent in the third quarter and 1.5 percent in the fourth — both down from 2.0 percent previously.
“From already quite low growth rates, it appears that the U.S. economy is losing further momentum,” Goldman said.
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/goldman-sachs-slashes-its-us-gdp-forecast-again.html
URLs in this post:
 Reuters: http://www.cnbc.com/id/44210055
 Image: http://www.prisonplanet.tv/
 Goldman Sachs Says U.S. Economy May Be `Fairly Bad’: http://www.prisonplanet.com/goldman-sachs-says-u-s-economy-may-be-fairly-bad.html
 Goldman Sachs’s Cohen Says Recession Is Ending ‘Now’: http://www.prisonplanet.com/goldman-sachs%e2%80%99s-cohen-says-recession-is-ending-%e2%80%98now%e2%80%99.html
 Goldman Sachs Says It Didn’t Mislead Investors; Profit Jumps: http://www.prisonplanet.com/goldman-sachs-says-it-didn%e2%80%99t-mislead-investors-profit-jumps.html
 Morgan Stanley, Goldman Sachs Shares Plunge After AIG Takeover: http://www.prisonplanet.com/morgan-stanley-goldman-sachs-shares-plunge-after-aig-takeover.html
 Even Goldman Sachs Secretly Believes That An Economic Collapse Is Coming: http://www.prisonplanet.com/even-goldman-sachs-secretly-believes-that-an-economic-collapse-is-coming.html
Copyright © 2013 PrisonPlanet.com. All rights reserved.