Goldman Sachs Economic GDP Forecasts (October 10th, 2021)

Goldman Sachs GDP Projection 21-21

Goldman Sachs released a GDP forecast report that highlights that indicates a couple of primary drivers (See Goldman Sachs GDP Forecast 2021-2022... 

1. Fiscal support will be reduced leading to a slow down in the economy.

2. Consumer services will need to recover (They believe will take time to recover.)

They provide a couple of projections that include 4.5% 2021Q4 and 4% growth for 2022.

The analysts feel that services will have a hard time recovering and semiconductors are slowing things down. Certainly that seems to be the case. What I'm watching closely for my own personal research in the digital GDP aspects and how that impacts overall GDP. The pandemic has changed how we conduct business. The semiconductor problem will need to be fixed (I have a couple of unfinished ideas how certain innovative clusters can create speed up development of home grown industries like aerospace, military, semiconductors, robotics, etc... In this case, I'm just playing with a general model in Delta County Michigan. You can sort of see what I'm talking about HERE.)