Mnuchin: Problems with Boeing 737 max could impact U.S. GDPChristian Fernsby ▼ | January 13, 2020
The president’s economic program is really coming together, U.S. Treasury Secretary Steven Mnuchin said. However, he noted that problems with Boeing's new jetliner could impact overall GDP for the year.
Air industry Steven Mnuchin
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"For this year, we've been looking at 2.5 to 3%, as I said, it may be closer to 2.5 because of the adjustment of the Boeing numbers," Mnuchin said. "But this would have been 3% otherwise. There's no question that USMCA and the China deal are going to add significantly to growth."
"Now let me just say that there's no question that the Boeing situation is going to slow down the GDP numbers," Mnuchin told Bartiromo. "Boeing is one of the largest exporters, and with the 737 Max, I think that could impact GDP as much as 50 basis points this year. But we look forward to very healthy growth in 2020." ■