by Dramelin 11:30 PM 0 comments

President Donald Trump`s drive toward tighter trade and immigration policies are set to dampen global economic growth, Goldman Sachs said in a note on Monday. "We think that it is plausible that tighter immigration restrictions will reduce this inflow substantially over the next few years. "Our simulations suggest that Mr. Trump`s policies could boost growth slightly in 2017 and 2018, but are likely to weigh on growth thereafter if trade and immigration restrictions are enacted," Goldman said. "Goldman pointed to headwinds for the fiscal policies, which would have been positive for economic growth. While noting that it was difficult to estimate the potential implication of the policies, Goldman pointed to the potential chilling effect on labor growth.