BofA lowers U.S. 2021 GDP forecast to 6.5% from 7.0%

Saturday, July 17, 2021
BofA lowers U.S. 2021 GDP forecast to 6.5% from 7.0% © Reuters. FILE PHOTO: Shoppers carry bags of purchased merchandise at the King of Prussia Mall, United States' largest retail shopping space, in King of Prussia, Pennsylvania, U.S., December 8, 2018. REUTERS/Mark Makela/File Photo

LONDON (Reuters) - The U.S. economy has moved past the peak in growth and inflation, BofA said on Friday, as it cut its gross domestic product (GDP) forecast for this year.

In a note, the bank said it has tweaked its forecasts to reflect recent data and now looks for real GDP growth of 6.5% this year versus 7% previously.

"Economic growth has started to moderate but importantly we think the economy will settle on a growth trajectory that is still more than double the pace of the pre-pandemic rate, surprising many to the upside," BofA economists said in a note.

They said they still expect 5.5% growth next year.

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31-07-2021 19:11:21 (UTC+7)

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EUR/USD

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66.310

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Adidas AG

306.85

-1.92 (-0.62%)

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Deutsche Lufthansa AG

9.548

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Buy

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 EUR/USD1.1871↑ Sell
 GBP/USD1.3902Sell
 USD/JPY109.72↑ Buy
 AUD/USD0.7345Neutral
 USD/CAD1.2472↑ Buy
 EUR/JPY130.25↑ Buy
 EUR/CHF1.0751↑ Buy
 Gold1,812.30Neutral
 Silver25.547↑ Buy
 Copper4.4785Buy
 Crude Oil WTI73.72↑ Sell
 Brent Oil75.14↑ Buy
 Natural Gas3.915↑ Sell
 US Coffee C180.38Neutral
 Euro Stoxx 504,089.30↑ Sell
 S&P 5004,395.26Buy
 DAX15,544.39↑ Sell
 FTSE 1007,032.30↑ Sell
 Hang Seng25,908.00↑ Buy
 Small Cap 20002,223.25↑ Buy
 IBEX 358,675.70↑ Sell
 BASF66.310↑ Sell
 Bayer50.36↑ Sell
 Allianz210.35↑ Sell
 Adidas306.85↑ Sell
 Lufthansa9.548Buy
 Siemens AG131.82↑ Sell
 Deutsche Bank AG10.685Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,660/ 5,720
(0/ 0) # 643
SJC HCM5,655/ 5,725
(-15/ -15) # 688
SJC Hanoi5,655/ 5,727
(-15/ -15) # 690
SJC Danang5,655/ 5,727
(-15/ -15) # 690
SJC Nhatrang5,655/ 5,727
(-15/ -15) # 690
SJC Cantho5,655/ 5,727
(-15/ -15) # 690
Cập nhật 31-07-2021 19:11:23
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RON 95-IV2178022210
RON 95-II,III2168022110
E5 RON 92-II2049020890
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Dầu hỏa1539015690
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JPY204,45215,17
KRW17,3221,09
Cập nhật lúc 18:51:26 31/07/2021
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