Goldman Sachs say 'blue wave' may aid US recovery and boost euro GDP - Business Insider

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The European economy could also benefit from a potential easing of US-China trade tensions under a Biden presidency, the bank said.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.

If the full package of Biden-Harris policies were implemented, this economic gain for the euro zone would increase to 0.6%, the note added.

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