News Formal

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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

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

Robyn Beck/AFP via Getty Images

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

A tour inside a 3D-printed home that took one week to build - Business InsiderThis company is building 3-D printed, small homes on existing residential properties to fight back against California's housing shortage. Look inside a unit that was move-in ready in one week.
Source: BusinessInsider - 🏆 729. / 51 Read more »

US economy faces double-dip recession without stimulus, Roubini says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »