How big of a hit would the economy take if we flew off the fiscal cliff?
A new note from Goldman’s Alec Phillips walks through various scenarios ranging from everything extended (all stimuli and tax cuts) to everything expires (all the spending cuts and tax hikes kick in).
The worst case scenario: If everything expires, and we runs straight off the fiscal cliff, a hit of about 4% to GDP.
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.