Goldman Sachs upgrades third-quarter US GDP forecast to 35% after stronger-than-expected August jobs report



Richard Drew/AP


© Richard Drew/AP
Richard Drew/AP

  • Goldman Sachs is predicting US Q3 GDP to be 35% due to a better than expected August jobs report. 
  • The bank said in a note on Thursday: “We upgraded our near-term growth forecasts based on the much stronger-than-expected August jobs report and the solid summer data more generally.”
  • The US added 1.37 million jobs in August, higher than an expected addition of 1.35 million jobs.
  • The bank said data is pointing to higher real spending in August, another factor prompting its GDP upgrade. 
  • Bloomberg economists are expecting US GDP to be 21% in Q3. 
  • Visit Business Insider’s homepage for more stories.

Goldman Sachs has upgraded its forecasts for the US economy and now expects GDP to reach 35% in the third quarter of the year, making it by far the most bullish bank on Wall Street. 

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Goldman said in a note on Thursday

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Funding To Be Considered For Energy Efficiency Upgrades In Schools | Local News

While addressing how to educate students during the coronavirus has brought unexpected changes to the Greene County School System in the past six months, it is still facing older issues such as aging HVAC systems in its facilities.

The first step proposed in addressing the replacement of the HVAC units will be considered soon by the Greene County Commission in the form of approving a multi-million-dollar contract with a company to implement measures for energy savings to help pay for the new heating and cooling equipment.

A contract between the school system and Schneider Electric Buildings Americas, Inc. was given approval by the Commission’s Budget and Finance Committee on Thursday. It will now be considered by the full commission.

The contract is for $8.9 million in measures to help improve energy efficiency within school system facilities and address the HVAC issues. Currently, 44% of units within the system have been

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