Surging immigration will boost the US labor force and send GDP higher, Goldman says

• The US economy is set to grow faster because of a surge in immigration, according to Goldman Sachs.
• The bank raised its 2024 GDP forecasts because of the increased labor supply due to immigration.
• "Elevated immigration has boosted labor force growth and, by extension, potential GDP growth," Goldman Sachs said.

Economic growth in America is set to accelerate amid a period of surging immigration, according to Goldman Sachs.