Goldman Sachs forecasts global economic growth of 4.6% next year
Source: Internet
Author: User
KeywordsGoldman Sachs next year economic growth
The report of Goldman Sachs Group December 2 released its economic forecast, which raised the U.S. and global growth forecasts for 2011 to 2.7% and 4.6% respectively, and is expected to grow by 3.6% and 4.8% per cent in 2012 respectively. In the report, Goldman Sachs made predictions about U.S. growth, unemployment and inflation. Analysts at Goldman Sachs believe the US economic outlook has been brighter in the past few weeks, and it is based on this that they forecast a 2011-year GDP growth rate in the United States. At the same time, the report is quite positive about the 2012-year unemployment rate in the United States is 8.5%, compared to the current U.S. unemployment rate of 9.6%, this decline can not be said to be particularly significant. In addition, the forecast is quite optimistic about inflation in the United States. The report predicts that the US CPI data will remain at 0.5% per cent in 2011-2012 and is based on this judgment, and Goldman Sachs analysts expect the US to maintain a fairly loose monetary policy that will keep the dollar rates at a lower level for 2011-2012 years. Goldman's forecasts are relatively high compared to forecasts given by other organizations. Earlier, Bloomberg forecast data showed that the U.S. economic growth rate of 2.5% in 2011, 2012 3.1%; The OECD has also recently lowered its original forecast, with the world economy expected to grow 4.2% in 2011 (originally forecast at 4.5%) and 4.6% in 2012. The United States December 1 released data is encouraging, November U.S. private sector employment increased by 93000 people, for the tenth consecutive month, and the largest monthly growth in three years. The Labor Department reported higher than expected non-farm productivity growth in the third quarter as companies increased output and lowered labor costs. Construction spending in the United States rose 0.7% unexpectedly in October, the second consecutive month of growth.
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