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A 'blue sweep' could boost US recovery and lift GDP across the euro-area, Goldman Sachs says

1 month ago   |   By Business Insider

Summary List Placement
A "blue wave" in the upcoming presidential election could unleash a $2 trillion stimulus package, and this will not only boost the US, it could also lift euro area GDP by 0.5% over 2021-2020, Goldman Sachs economists said in a note on Tuesday.
The Goldman Sachs team forecast that a Democratic sweep would entail a "large fiscal stimulus package of at least $2 trillion shortly after the presidential inauguration", followed by longer term spending, the note said.
Built on the Fed's macro model, and assuming the Federal Open Market Committee does not hike rates until...
Read more ...

 

A 'blue sweep' could boost US recovery and lift GDP across the euro-area, Goldman Sachs says

A 'blue sweep' could boost US recovery and lift GDP across the euro-area, Goldman Sachs says

1 month ago   |   By Business Insider

Summary List Placement
A "blue wave" in the upcoming presidential election could unleash a $2 trillion stimulus package, and this will not only boost the US, it could also lift euro area GDP by 0.5% over 2021-2020, Goldman Sachs economists said in a note on Tuesday.
The Goldman Sachs team forecast that a Democratic sweep would entail a "large fiscal stimulus package of at least $2 trillion shortly after the presidential inauguration", followed by longer term spending, the note said.
Built on the Fed's macro model, and assuming the Federal Open Market Committee does not hike rates until...
Read more ...

 


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