Goldman Sachs analyzes potential impacts of U.S. immigration policies pre- and post-election

From Investing.com: 2024-06-15 04:01:09

Goldman Sachs economists analyze potential impacts of U.S. immigration policies pre- and post-election. Net immigration to the U.S. surged to 2.5 million last year, boosting labor force and GDP growth. President Biden’s recent changes aim to restrict potential unauthorized migration, but legal challenges could hinder implementation. A second Trump administration may pursue more aggressive immigration restrictions.

Under a second Trump administration, net immigration could range from 1.5 million to potentially close to zero by 2025. If courts block major changes, immigration may decline to 1.5 million. Proposed deportations face uncertainty, with estimates ranging from 300,000 to 2.1 million in 2025. Negative net immigration annually seems unlikely even in the most restrictive scenario.



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