Goldman Sachs Revises US Q2 GDP Growth Estimates

Rising trade tensions with China, and now Mexico, have caused Goldman Sachs to downgrade US's Q2 economic growth forecasts

Written by: Arslan Butt • Monday, June 3, 2019 • 1 min read

• Last updated: Monday, June 3, 2019

Rising trade tensions with China, and now Mexico, have caused Goldman Sachs to downgrade US’s Q2 economic growth forecasts. The US GDP is expected to grow by 1.1% in Q2 2019 according to their revised estimates, down from 1.3% previously forecast.

Analysts at the leading investment bank have also increased the probability of a rate cut by Fed. Rising downside risks that could affect economic growth and inflation have created a higher likelihood for a cut in interest rates.

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.