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Treasury's Mnuchin sees U.S. GDP growth less than 3% in 2020

Published 02/08/2020, 09:21 AM
Updated 02/08/2020, 09:21 AM
© Reuters. FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin takes part in a Q&A session at Chatham House in London

© Reuters. FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin takes part in a Q&A session at Chatham House in London

WASHINGTON (Reuters) - Treasury Secretary Steven Mnuchin said on Friday he expects 2020 U.S. GDP growth to be less than 3%, partly due to problems at Boeing Co (N:BA), which halted production of its 737 MAX planes over safety issues.

"I think our projections have been reduced because of Boeing and in other impacts, so it will be lower. I think we would have hit 3% but again, Boeing has had a big impact on our exports being the largest exporter," Mnuchin said in an interview on Fox Business Network.

© Reuters. FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin takes part in a Q&A session at Chatham House in London

Latest comments

3%? I wish 2% could be reached
Soon it will be corona virus when recession hits
Nice Moochin! Putting all the blame on one company instead of tarrifs.
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