Goldman Sachs: Tightening of U.S. immigration policy in early 2025 will reduce net immigration from 1.7 million in December to 700,000 in February this year. The 2025 immigration forecast was lowered from 750,000 to 500,000, and labor force growth is expected to slow, reducing monthly growth by 40,000. Potential GDP growth is now expected to be dragged down by 0.1%, twice as much as previously expected.
