Goldman Sachs predicts biggest boost to economy if Harris wins: ‘If Trump…’ – Times of India
Goldman Sachs said Kamala Harris' win will be good for the economic growth of the US in the coming two years while Trump's sweep with hurt the economic output next year. Under a Republican sweep, or even with a divided government led by Donald Trump, economic output would take a hit next year, mostly from increased tariffs on imports and tighter immigration policies, Goldman said in a note.There will be more job growth under a Democrat government than under the Republicans, the report said. "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, resulting in a peak hit to GDP growth of -0.5pp in 2025H2 that abates in 2026.""If Democrats sweep, new spending and expanded m...