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Latin Times
Latin Times
Politics
Rocío Magnani

Politicians Might Clash on Immigration, but Wall Street Has Made its Mind: It Boosts the Economy

Trump, Biden Vie on Immigration; Wall Street Sees Surge as GDP Boost (Credit: Carlo Allegri/Reuters)

As immigration continues to dominate and divide in the public conversation, major companies trading on Wall Street are conveying a mostly unified message.

Last week, Goldman Sachs Group Inc. presented its updated predictions for economic and employment growth in the United States this year, adjusting for an accelerated rate of immigration. The company now forecasts a 2.4% year-on-year increase for US gross domestic product in the fourth quarter, a 0.3 percentage-point improvement compared to the previous estimate.

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