BOA Boosts Third Quarter GDP Growth

Video Credit: Wochit News
Published on September 14, 2020 - Duration: 00:38s

BOA Boosts Third Quarter GDP Growth

Economists at Bank of America lifted their forecast for third-quarter US GDP growth to 27% from 15% on Friday.

Business Insider reports better-than-expected trends in retail sales, the housing market, and hiring.

BoA lowered its fourth-quarter projection to 3% from 5%.

Failed stimulus negotiations are growing increasingly likely.

No new aid could be a speed bump for the American economy.

BoA made the adjustment after Senate Democrats blocked Republicans' $500 billion measure on Thursday.

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