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Goldman Sachs cuts its GDP forecast, saying hit from delta variant is worse than expected

18237500 - businessman hand pointing to investment as concept

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

Caitlin Ochs | Reuters

The rise of the delta variant of Covid-19 will hamper economic growth in the third quarter, but the U.S. economy should continue to see a strong expansion going into next year, according to Goldman Sachs.

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