Goldman Sachs lowered its forecast for U.S. GDP growth in the first quarter to 0.1%
Online reports that Goldman Sachs economists now expect the U.S. economy to grow at an annualized rate of 0.1% in the first quarter, lower than the previous forecast of 0.4%. U.S. new home sales grew more than expected last month, but the construction deflator fell less than Goldman Sachs expected, weakening the interpretation of inflation-adjusted growth. The United States will announce its initial GDP for the first quarter on April 30.
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