Market news
25.11.2021, 01:11

Larger inventories, goods exports to underpin 6.0% US Q4 GDP – Goldman Sachs

While following the likes of Morgan Stanley, Capital Economics and JP Morga, Goldman Sachs (GS) also raised their US Q4 GDP forecast in the latest analytical piece.

That said, the US bank estimates 6.0% QoQ growth for the world’s largest economy during the fourth quarter (Q4).

GS cites larger expected contributions from inventories and goods exports, as well as a strong Q3 pace of gross domestic income (+6.7% annualized), to back the hawkish forecasts.

It's worth noting that the Atlanta Fed GDP gauge shows the Q4 GDP forecasts as 8.6% versus previously expected 8.2%. It’s worth noting that the official second reading of the Q3 US GDP reading from 2.2% to 2.1% on an annualized basis.

Read: Forex Today: Dollar’s rally continues and is far from over

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