Economics

Goldman Raises U.S. Forecast After Democrats Win Senate

Economists predict growth of 6.4% in 2021, up from 5.9%
Goldman sees faster hiring and inflation, earlier Fed hike

Goldman Sachs predicted the economy would expand 6.4% this year, faster than previously expected. — Goldman Sachs predicted the economy would expand 6.4% this year, faster than previously expected.
Photographer: Michael Nagle/Bloomberg

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By Simon Kennedy

January 7, 2021 at 9:48 AM UTC

Updated on

January 7, 2021 at 11:50 AM UTC

This article is for subscribers only.

Goldman Sachs Group Inc. economists raised their growth forecasts for the U.S. this year after Democrats secured control of the Senate.

In a report to clients late Wednesday, the economists led by Jan Hatzius predicted the economy would expand 6.4% this year, faster than the 5.9% they previously expected.