“There’s no question that the Boeing situation is going to slow down the GDP numbers,” Treasury Secretary Steve Mnuchin says.
Boeing Co.’s woes are expected to knock half a percentage point off U.S. economic growth in 2020, Treasury Secretary Steve Mnuchin said Sunday.
In terms of economic growth, “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.”
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