Goldman Sachs raises U.S. GDP forecast, recession warning lifted

TechFlow news, May 6 — According to Jinshi Data, Goldman Sachs’ latest report raised its U.S. Q2 GDP growth forecast sharply from -0.3% to 2.4%. Goldman’s chief economist Jan Hatzius pointed out that due to severe underestimation of inventory investment, Q1 GDP (-0.3%) could be revised upward to positive territory, and Q2 growth might even reach 3%. The report stated that the likelihood of a U.S. recession has significantly decreased, with the earliest possible occurrence now expected in 2026 or potentially indefinitely postponed.