 "Goldman Sachs")
Goldman Sachs Group Inc has downgraded its US growth forecast for the first and second quarters in the wake of the economic fallout from the coronavirus outbreak.
In a note sent on Sunday, the US bank said it now sees real gross domestic product growth of 0% in the first three months of the year, from its original estimate of 0.7% expansion. For the second quarter, it sees US growth contracting to -0.5% from its initial forecast of 0%.
Goldman raised its third-quarter US GDP estimate to 3% from 1% originally.
"We expect US economic activity to contract sharply in the remainder of
