Goldman Sachs: A Trump-win positive for US economy in short-term, not in long-term

Economists at Goldman Sachs published their latest review on the US economic outlook with scenario analysis, in wake of a Trump win,

Key Quotes:

The positive fiscal impulse from his tax reform and infrastructure proposals could provide a near-term boost to growth and, depending on the specifics, could have positive longer-run supply side effects,"

"However, other proposals could lead to new restrictions on foreign trade and immigration, which could have negative implications for growth, particularly over the longer term."

“Three different scenarios for the U.S. economy:

• A "full" enactment of Trump's campaign promises with everything from increased fiscal spending to trade restrictions included
• A "benign scenario" in which only Trump's fiscal proposals are enacted
• The "adverse scenario" in which trade and immigration are curbed while the Federal Reserve grows more hawkish”