Goldman Sachs: Mandatory Mask Wearing Law would help to partially cover the damage done to the economy USA

If the US authorities do not oblige citizens to wear masks at the legislative level, then the country's economy runs the risk of losing 5% of GDP as a result of re-introduction of quarantine restrictions. This position was voiced by Bank Goldman Sachs, as reported by Reuters. According to Chief Economist Jan Hatzius and other bank experts, the adoption of such a law would significantly increase sale of masks. They drew attention to the American states, in which there is a repeated outbreak of coronavirus, noting that now wearing them there is mostly voluntary. Law would allow to increase the consumption of masks by 15%, according to the bank, and this would partially cover the additional damage caused the American economy faces a new surge diseases. The Federal Reserve believes that the decline in US GDP following the results of the second quarter will be the most significant in history. This is stated in minutes of the meeting of the department, published on Tuesday.