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Goldman cuts GDP forecast on delta variant setback, fading fiscal stimulus

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Food is served at an outdoor restaurant in New York, August 3, 2021.

Caitlin Ochs | Reuters

Economists at Goldman Sachs downgraded their outlook for U.S. economic growth, saying in a note to clients that the impact from the delta variant of Covid-19 and the end of fiscal stimulus measures will hurt consumer spending.

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