Transport Topics on Nostr: Trump Win Could Dent US GDP Growth, Goldman Warns ========== Goldman Sachs economists ...
Trump Win Could Dent US GDP Growth, Goldman Warns
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Goldman Sachs economists warn that a Trump victory in the November elections could reduce US GDP growth by up to 0.5 percentage points in late 2025 due to tariffs and tighter immigration policies; they predict a peak impact from Trump's proposed tariff hikes on China, the EU, and Mexico; if Kamala Harris wins, GDP growth may slightly increase due to new spending and tax credits; immigration under Harris is expected to be 1.5 million annually, while under Trump it could drop to as low as 750,000; Goldman estimates immigration's contribution to labor force growth would be 10,000 per month higher under Harris than Trump; the report was published on September 3, 2024.
#Trump #Harris #Gdp #GoldmanSachs #Economy #Immigration #Tariffs #2024Elections #UsPolitics #EconomicForecast
https://www.ttnews.com/articles/trump-harris-goldman-gdp
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Goldman Sachs economists warn that a Trump victory in the November elections could reduce US GDP growth by up to 0.5 percentage points in late 2025 due to tariffs and tighter immigration policies; they predict a peak impact from Trump's proposed tariff hikes on China, the EU, and Mexico; if Kamala Harris wins, GDP growth may slightly increase due to new spending and tax credits; immigration under Harris is expected to be 1.5 million annually, while under Trump it could drop to as low as 750,000; Goldman estimates immigration's contribution to labor force growth would be 10,000 per month higher under Harris than Trump; the report was published on September 3, 2024.
#Trump #Harris #Gdp #GoldmanSachs #Economy #Immigration #Tariffs #2024Elections #UsPolitics #EconomicForecast
https://www.ttnews.com/articles/trump-harris-goldman-gdp