A market meltdown. Surging recession fears. And a sudden spotlight on America's healthcare system. Goldman Sachs is warning Wall Street that the coronavirus could cost President Trump the election.
New York A market meltdown. Surging recession fears. And a sudden spotlight on America's health care system. Goldman Sachs is warning Wall Street that the coronavirus could cost President Donald Trump the election.
The potential political fallout from the coronavirus adds yet more uncertainty for investors trying to assess the impact of the fast-moving epidemic. "If the coronavirus epidemic materially affects US economic growth it may increase the likelihood of Democratic victory in the 2020 election," Goldman Sachs analysts led by Ben Snider wrote in a report published Wednesday night.
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