President Trump's campaign promise to follow through with mass deportations of
undocumented immigrants as of 2025 has officially started. Columbia recently
accepted the president's flights of undocumented immigrants after Trump
threatened Tariffs. According to Michael Gapen (Morgan Stanley’s
chief US Economist), the impact of this could slow down the economy's
future growth.
Previous studies found that anti-immigration laws set in place in Arizona between
2008 and 2015 showed that each year of deportations GDP decreased by 2%
per year. Predicted results of the future economy from Morgan Stanley GDP will
grow at a rate of 1.9% which is low compared to the 2.5% growth observed in
2023. Deportations could also potentially cause a slowing of employment rates,
as well as a decrease in productivity rates according to JPMorgan’s Michael
Feroli.
Megan Leonhardt (2025), Trump’s Immigration Crackdown Could Play Havoc with the Economy, Barron’s. https://www.barrons.com/articles/trumps-immigration-crackdown-could-play-havoc-with-the-economy-f4c41411
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