National Mask Mandate Could Avoid $1 trillion Economic Loss
Goldman Sachs says it could also could prevent more lockdowns
Wearing a face mask during the pandemic saves lives. And it may save the economy, too, according to Goldman Sachs.
On Monday night, the investment bank released an extensive analysis that makes the economic and medical case for a national mask mandate.
By studying the link between coronavirus infections and mask mandates in U.S. states and overseas, the Wall Street bank estimated a national mandate could cut the daily growth rate of confirmed cases by one percentage point to just 0.6 percent. That, in turn, could prevent the need for dreaded lockdowns that would wipe out 5 percent from U.S. GDP, the report said. That's the equivalent of about $1 trillion.
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