Coronavirus Could Cost Trump the Election

A new Goldman Sachs report is warning Wall Street that the coronavirus outbreak could cost President Trump the election in November, CNN reports.

From the report: “If the coronavirus epidemic materially affects US economic growth it may increase the likelihood of Democratic victory in the 2020 election.”

Moody’s Analytics chief economist Mark Zandi said he now sees a 40% chance of a US recession during the first half of 2020, up from 20% previously.