Wearing a face mask during the pandemic saves lives. And it may save the economy, too, by preventing the need for lockdowns that would wipe out 5% from US GDP, according to Goldman Sachs.
New York 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 US 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%. That, in turn, could prevent the need for dreaded lockdowns that would wipe out 5% from US GDP, the report said.
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