Kamala Harris' victory best for US economy rather than Trump's: Goldman Sachs #shorts #usa #trending

Published: Sep 04, 2024 Duration: 00:00:57 Category: Education

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Kamala Harris Victory best for US economy rather than Trump's Goldman Sachs so Financial firm Goldman Sachs have claimed that vice president Kamala Harris decisive victory in the 2024 election would be the best possible outcome for the US economy the financial firm believes that a republican sweep in the Congress alongside a victory for former president Donald Trump would result in reduced economic growth next year due to Trump's promises to take a tougher stance on immigration and raise tariffs on from countries like China Goldman Goldman analysts estimate that if Trump wins in a sweep or with a divided government the hit to growth from tariffs and Tighter immigration policy would outweigh the positive fiscal impulse they also noted that if Democrats sweep new spending and expanded middle income tax credits would slightly more than offset lower investment due to high corporate tax rates resulting in a very slight boost to gross domestic product growth

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