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Goldman Sachs: Harris Victory Could Boost US Economy, Trump Win May Slow Growth

The investment bank's analysis highlights potential economic impacts of the 2024 presidential election outcomes.

  • A Harris administration could see a slight GDP boost due to new spending and tax credits.
  • Trump's proposed tariffs and tighter immigration policies may lead to a 0.5% GDP hit in 2025.
  • Job growth under Harris could be 10,000 to 30,000 higher per month compared to Trump scenarios.
  • The report suggests Trump's policies might increase inflation and the federal deficit.
  • Goldman Sachs' findings challenge the perception of Republican economic superiority.
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