Economics
Trump’s Deregulation Has Had Little Economic Impact, Goldman Says
- It’s ‘challenging’ to link reduced red tape to economic gains
- But financial deregulation may offer ‘meaningful changes’
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President Donald Trump’s deregulation agenda for industry has had limited impact on the job market and capital spending during his first year in office, according to Goldman Sachs.
A study by the bank found little evidence that “non-financial deregulation has had meaningful macroeconomic impact to date,” according to research report released on Sunday that analyzed commentary from equity analysts, economic data and post-election stock returns. “While press reports often highlight deregulation as a key driver of the economy’s acceleration over the last year, identifying its causal impact is challenging.”