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Goldman raises US Q2 GDP view after trade data

[NEW YORK] Goldman Sachs economists said on Wednesday they raised their outlook on US economic growth in the second quarter to 3.0 per cent from 2.7 per cent following a smaller-than-forecast widening in goods trade deficit in April.

The Commerce Department said the US goods trade gap grew to US$57.5 billion from US$56.9 billion in March. Goldman economists had forecast the deficit of US$57.9 billion for April.