Goldman Sachs says a national mask mandate could 'partially substitute' for renewed lockdowns that would otherwise subtract nearly 5% from US growth.
In a report titled"Face Masks and GDP," the financial giant said a national mask mandate could"partially substitute" for renewed lockdowns that would otherwise subtract nearly 5% from US growth.
While several states have rolled back some reopening policies, there has been public pushback against broad lockdowns that have promptedWhether the US should follow European and Asian countries in instituting the mandate is an"inherently political decision," Goldman said, while adding that analytic tools can assess the policy on economic grounds.
In the US, states without mask requirements account for two-thirds of new infections. A national mask mandate would make mask use more widespread and lower the daily growth in infections to around 1% from 2.9%, Goldman said. "However, even in the absence of a national mandate, state and local authorities might well broaden mandates in ways that ultimately mimic the impact of a national mandate.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gov’t mulls P25-B fund for COVID-19 fight and economic recovery — RoqueIn stepping the drive to stem the coronavirus outbreak, the government is eyeing a P10-billion subsidy program for its expanded testing efforts and another P15 billion for cash-for-work program, possibly for the hiring of contact tracers.
Read more »
PH gets 250-M euro loans from French agencyICYMI: The Philippines has secured 250 million euros (about P14 billion) in fresh financing via two loans from France’s aid agency to help in economic recovery beyond the COVID-19 pandemic.
Read more »
Virus death toll passes 500,000 as U.S. and Brazil cases surgeUPDATED. The global death toll from the coronavirus pandemic has topped half a million, as surging cases in Latin America and the United States prompted some authorities to reconsider lifting lockdown measures.
Read more »
4 Chinese na sinita dahil walang face mask, nahulihan ng ilegal na droga
Read more »
ANALYSIS: Trump refuses to lead as pandemic worsens and allies desert him on masksMost Presidents would try to stop the United States from barreling toward disaster. But Donald Trump has nothing to say and no answers to mitigate a calamity unfolding on his watch that he seems resolved to ignore.
Read more »