A national mask mandate could potentially substitute for lockdowns to curb the spread of coronavirus, Goldman Sachs Chief Economist Jan Hatzius wrote in a Monday note. Goldman’s baseline estimate is that a national mandate could raise the percentage of people who wear masks by 15 percentage points and cut the […]
Central banks are rushing to defend economies from coronavirus fallout, but a new study from the Brookings Institution lays out several dire projections for the outbreak’s hit to US economic growth. Researchers detailed three pandemic scenarios with varying degrees of severity, and even the softest estimate sees GDP growth tumbling […]
Goldman Sachs predicts Wuhan coronavirus will cut US economic growth by 0.4 percentage points this quarter. The bank’s economists warned growth would suffer from declines in Chinese tourism to the US and American exports to China. However, they expect a second-quarter rebound to minimise the impact on annual growth. Wuhan […]
Some economists argue that America's economic...