Last updated on July 18th, 2023 at 12:32 pm
Goldman Sachs projects that half of Americans will be vaccinated by May and that economic growth for 2021 will hit 7%.
Goldman Sachs has a good projection for Biden:
🚀 GOLDMAN SACHS: “In the US, we expect above-consensus full-year growth of 7% in 2021 … 50% of the population expected to be vaccinated by May … unemployment rate to fall to 4.1% and core PCE inflation to rise to 1.85% by year-end 2021.”
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— James Pethokoukis (@JimPethokoukis) February 17, 2021
Forget building the greatest economy in history, Trump failed to sustain the economic growth that began under Obama.
Trump’s GDP never broke 3%, and his presidency ended at an estimated – 3.7%. If Biden hits 7% in 2021, he will nearly triple Trump’s three-year average before the pandemic, and he will more than triple Trump’s 2020 plummet.
Joe Biden is set to have the economy take off under his watch because his American Rescue Plan is exactly what both liberal and conservative economists say that the economy needs. While Trump blew up the national debt and saddled the economy with an anchor that will last for decades, President Biden and the Democrats are in a fantastic position to bring prosperity back to the American people and fulfill Joe Biden’s promise to build back batter.
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Jason is the managing editor. He is also a White House Press Pool and a Congressional correspondent for PoliticusUSA. Jason has a Bachelor’s Degree in Political Science. His graduate work focused on public policy, with a specialization in social reform movements.
Awards and Professional Memberships
Member of the Society of Professional Journalists and The American Political Science Association
