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.
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