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zipperlip

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05/09/24

18:57

Post #: 75549111
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Originally posted by Justis ↑

Goldman Sachs: Trump policies would slow down economy

by Tobias Burns - 09/04/24 2:38 PM ET

Analysts at Goldman Sachs are warning of diminished economic performance if former President Trump is elected and able to implement his agenda.

Trump’s plans to crack down on immigration and impose new tariffs on Chinese goods will take a chunk out of gross domestic product (GDP) growth to the tune of a half percentage point in the second half of 2025 before rebounding in the following year, Goldman analysts predicted.

“We estimate that if Trump wins in a sweep or with divided government, the hit to growth from tariffs and tighter immigration policy would outweigh the positive fiscal impulse,” they wrote in a Tuesday analysis.

Goldman predicted better performance outcomes in the event of a Harris presidency along with Democratic control of Congress, arguing that spending initiatives and tax credits would “more than offset” the hit to investment caused by a higher corporate income tax rate, which Vice President Harris has proposed increasing to 28 percent.

https://thehill.com/business/4861677-goldman-sachs-trump-impact/

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Escalation of Wars in Europe and the Middle East will certainly build the US economy though, Jus.

Think about that for a moment
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