Goldman Sachs lowers US Q1 GDP growth forecast to 0.1%

According to a report by Golden Finance, economists at Goldman Sachs now expect an annualized growth rate of 0.1% for the US economy in the first quarter, lower than the previously predicted 0.4%. Last month, the growth of new home sales in the United States exceeded expectations, but the decline in the construction industry deflator was lower than Goldman Sachs' expectations, weakening the interpretation of inflation adjusted growth. The United States will release the initial GDP value for the first quarter on April 30th.