The bank expects economic growth of 6.6% in 2021, compared with a previous forecast of 6.4%, according to a report published on Saturday. Big Number$750 billion to $1.1 trillion. Larger boosts to disposable income and government spending imply stronger growth later in the year, the banks analysts wrote. It also raised forecasts for how much stimulus the new administration will be able to push through in the near-term, to $1.1 trillion from $750 billion. Thats the range analysts from investment giant Goldman Sachs expect the next round of federal stimulus legislation to be worthin other words, at least $800 billion smaller than the plan Biden introduced last week.
Much of the year in review came after the initial rounds of federal support.
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Much of the year in review came after the initial rounds of federal support .
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