Mnuchin says economy may not hit Trump's 3% growth target in 2020
Treasury Secretary Steven Mnuchin said Thursday that disruptions at Boeing are expected to drag on the US economy in 2020.
Trump pledged to deliver gross domestic product growth of 3% or more each year of his term, but it has consistently fallen short.Treasury Secretary Steven Mnuchin said Thursday that disruptions at Boeing are expected to drag on the US economy in 2020, potentially bringing growth to below a key target set early in the Trump administration.
Mnuchin estimated trouble at Boeing could chip away a half percentage point from GDP in 2020. In January, the embattled airline manufacturer suspended production of its 737 Max in response to two fatal crashes within a span of five months.
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