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The Status Quo Would Be Better Than Trump for Growth: Goldman

  • New president to crimp immigration more than first estimated
  • ‘Full Trump’ package not an improvement vs baseline by 2020
Bloomberg business news

Morgan Stanley's EM Head: Trump Can't Get 4% Growth

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Add Goldman Sachs Group Inc.’s chief economist to the list of those concerned that President Donald Trump won’t jumpstart economic growth.

A week after a group of the bank’s political analysts warned of risks from protectionist moves, Jan Hatzius and economist Jari Stehn wrote that they anticipate a delayed boost from increased government spending because a bill likely won’t pass until late 2017 or early 2018. In addition, the economists noted that “the more adverse parts” of the Trump agenda remain substantial.