Goldman Is About To Hike Its GDP Forecast

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Photo: Richard Sunderland on flickr

Goldman’s Alec Phillips stuck this comment into a larger note about the impact of turning vacant homes into rental properties.As we have noted in recent publications, the combination of better recent data and the renewal (at least through February) of the payroll tax credit and emergency unemployment benefits points to meaningful upside risk to our first-quarter growth forecast. We intend to upgrade that forecast to around 2% real GDP growth (annualized) for Q1, but will wait to see (Friday’s) employment report before making any final adjustments.

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