Chart gives snapshot of "fiscal cliff" consequences

10/9/2012 | FireDogLake.com

Goldman Sachs has updated its fiscal forecast, taking into account "the not so good, the bad and the ugly" potential outcomes from the current fiscal crisis. The bank's research suggests that in the best-case scenario, U.S. fiscal policy will drag GDP growth down by about 1.75%; in the worst case, if all fiscal slope programs expire, the impact could hit 4.5%.

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