Goldman Sachs warns: Trump's immigration policy will hinder U.S. economic growth
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Goldman Sachs warned that Trump's immigration policy will have a negative impact on the U.S. economy and labor force growth, with net immigration expected to drop to 750,000 people per year, resulting in a GDP growth rate decline of 30-40 basis points. The net number of illegal immigrants is expected to be zero, which may severely impact specific industries, but has limited effects on inflation. Goldman Sachs analysts pointed out that the loss of illegal immigrants could cause greater harm to the economy
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