Sachs predicts economic surge if Harris wins presidential election

Goldman Sachs has projected that U.S. economic growth could see a significant boost over the next two years if Democrats, led by Vice President Kamala Harris, secure both the White House and Congress in the upcoming November elections.

The investment bank’s insights suggest that a Democratic victory might pave the way for more robust job growth and a healthier economic outlook.

Conversely, the report highlights potential challenges under a Republican administration, particularly if former President Donald Trump leads a sweep or even manages a divided government.

According to Goldman Sachs, such a scenario could dampen economic output as a result of increased tariffs on imports and stricter immigration policies, which are expected to take a toll on growth in the coming year.

The stakes are high as the race between Harris and Trump intensifies, with the Vice President currently holding a narrow lead in national polls as well as in key battleground states.

This election could be a pivotal moment for the U.S. economy, making it crucial for voters to consider the implications of their choices on future economic stability and job market health.