Economics

Goldman Sachs says Covid-battered cities will ‘largely return to normal’ in 2021

The bank expects a spending boom, which it says will spur a 6% surge in the US economy next year

Goldman Sachs economists are confident that the American economy will bounce back in 2021, accelerating in Q2, once mass immunisation is under way
Goldman Sachs economists are confident that the American economy will bounce back in 2021, accelerating in Q2, once mass immunisation is under way Photo: Getty Images

Goldman Sachs is bullish about next year.

Economists at the US investment bank giant wrote in a note to clients that the American economy will bounce back from the pandemic-driven slump as immunity from the Covid-19 virus takes hold throughout the population.

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