Senate Runoffs Put Georgia on Investors’ Minds
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The results of the two U.S. Senate runoff elections in Georgia on Jan. 5 could determine the size and scope of fiscal stimulus to address economic strains caused by the coronavirus pandemic. A shift in the Senate’s partisan majority could swing the one-year outlook for fiscal stimulus by at least USD 1 trillion, in our view. That difference will have important implications for the U.S. economy, the broader market, and specific sectors targeted by a potential spending bill.
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