While the rising number of immigrant apprehensions at the US border with Mexico has sowed political division and in some cases xenophobia, there’s one place where almost everyone seems on the same positive page: Wall Street. Last month, the nonpartisan Congressional Budget Office calculated that immigration will generate a $7 trillion boost to US gross domestic product over the next decade. “Immigration is not just a highly charged social and political issue, it is also a big macroeconomic one,” Janet Henry, global chief economist at HSBC, wrote in a note to clients Tuesday. No advanced economy is benefiting from immigration quite like the US, and “the impact of migration has been an important part of the US growth story over the past two years.”
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