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New Covid mask mandates could backfire for Democrats

New Covid mask mandates could backfire for Democrats
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Goldman Sachs slashes US economic growth forecast over weaker spending on services

Goldman Sachs slashes US economic growth forecast over weaker spending on services By Anneken Tappe, CNN Business Published Jul 27, 2021 11:49:17 AM enablePagination: false endIndex: (CNN) Goldman Sachs slashed its forecast for US economic activity in the second half of the year, pointing to sluggish consumer spending on services as well as the threats posed by the Covid-19 Delta variant. During the pandemic and the start of the recovery, Americans spent big on goods: Used car prices soared, as did prices for furniture and other household items, in response to surging demand and shortages of materials. But in normal times, consumers spend much more on services like concerts or dining out and the big spending on goods that has defined the pandemic recovery so far isn t sustainable to keep the US economy growing.

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