AGI – Goldman Sachs, in a note to customers, reveals that the UK’s GDP this year will grow by a “surprising” + 7.8% this year, more than in the United States. The IMF has forecast that Britain, the world’s fifth largest economy, will grow by 5.3% in 2021. However, compared to those forecasts, there were signs of an acceleration in the pace of the British recovery, thanks to the speed with which vaccines were distributed, which are now being administered to more than half of the population.
According to Goldman, US GDP will increase by 10.5% and will peak in its growth in the second quarter of the year, thanks to the impact of the $ 1.9 billion fiscal stimulus launched by the Biden administration and the reopenings. Goldman also expects core PCE inflation to rise, on a temporary basis, beyond the Federal Reserve’s target, set at 2%. For the second half of 2021, US GDP estimates are for an expansion s equal to + 7%.
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