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US face mask mandate could potentially substitute for lockdowns – Goldman Sachs

According to the Goldman Sachs analyst, the US national face mask mandate could help reduce the daily growth rate of coronavirus cases and in turn substitute for lockdowns, which could have affected the GDP.

Key quotes

“National mask mandate could cut the daily growth rate of confirmed cases by 1.0pp to 0.6%.“

“Face mask mandate could potentially substitute for lockdowns that would otherwise subtract nearly 5% from GDP.”

This comes after the US House Speaker Nancy Pelosi said Sunday that she believes a federal mandate on mask wearing is “long overdue” as cases across the country spike from the coronavirus pandemic.

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