Goldman Sachs and other investment banks scramble down U.S. economic growth forecast

U.S., chief economist Hatzius (Jan Hatzius), led by Goldman Sachs (Goldman Sachs) analyst cut America’s second quarter gross domestic product Gross (GDP) growth forecast to 1.0 percent from 1.3 percent in the previous.
Deutsche Bank (Deutsche Bank) senior economist Joseph LaVorgna also down U.S. economic growth forecast to 1.0 percent from 1.4 percent in the previous.

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