Goldman Sachs slashes its first-quarter GDP forecast amid latest coronavirus chaos

Goldman Sachs lowered its US gross domestic product forecast for the first quarter to 1.2%, down from 1.4% previously, according to a client note on Monday.
The forecast cut comes amid concern that the coronavirus will limit global growth and be a negative demand on US supply and demand.
Still, Goldman expects that US GDP will recover in the second quarter of the year and reach 2.7% for the period.
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Goldman Sachs cut its expectations for first-quarter US gross domes