Secretary Eugene Scalia on job creation surge amid spike in coronavirus cases
Labor Secretary Eugene Scalia, White House coronavirus task force member, joins ‘Fox News Sunday’ for an exclusive interview.
U.S. GDP will shrink more than originally expected but the nation's economy will be back on track in September, Goldman Sachs economists predict.
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A "pause" in consumer spending in July and August will limit a third-quarter rebound, Goldman Sachs analysts wrote, according to Wall Street Journal reporter Michael S. Derby.
However, Goldman Sachs also upgraded 2021 numbers, partly because "prospects for an earlier vaccine have improved recently," according to Derby. The economists "expect the US economy to get back on track in September," he said.
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Goldman Sachs expects U.S. unemployment to fall to 9 percent by the end of 2020 compared to a previous estimate of 9.5 percent, Bloomberg reported.