Since Axios is now on the Catturd's Crew list of reliable sources because of it's "Putin says he wants Harris to win 2024 election" article, here is another helping:
"A new Trump administration would likely reduce economic growth and raise prices, Axios Macro co-author Neil Irwin writes.
A victory by Vice President Harris would bring more steady-as-she-goes economic policy.
The latest: Trump doubled down on familiar plans during an economics-focused speech today in New York, promising to impose new tariffs and cut corporate taxes.
What they're saying: The economy is shaped by countless forces beyond presidential policies, but two recent reports from Wall Street economists predict that trade wars under a Trump administration would slow down the U.S. economy.
Goldman Sachs says a Trump victory with divided government or Republican control of both houses of Congress would result in a 0.5 percentage point drag on GDP in the second half of next year.
Nomura economists estimate that Trump's planned tariffs would increase inflation by 0.75 percentage points in 2025.
If Vice President Harris wins and if the Democrats control the House and Senate Goldman predicts a "very slight boost" to GDP on average between next year and 2026."
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