Treasury's Mnuchin sees US GDP growth less than 3% in 2020

Treasury's Mnuchin sees US GDP growth less than 3% in 2020

FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin takes part in a Q&A session at Chatham House
FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin takes part in a Q&A session at Chatham House in London, Britain, January 25, 2020. REUTERS/Henry Nicholls

WASHINGTON: Treasury Secretary Steven Mnuchin said on Friday he expects 2020 U.S. GDP growth to be less than 3per cent, partly due to problems at Boeing Co , 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 3per cent but again, Boeing has had a big impact on our exports being the largest exporter," Mnuchin said in an interview on Fox Business Network.

(Reporting by Eric Beech and Mohammad Zargham; editing by Grant McCool)

Source: Reuters

Bookmark