Stubborn politicians could have a destructive influence on the U.S. economy later this year, a UBS economist told CNBC this week.
div > div.group > p:first-child"> Seth Carpenter, U.S. chief economist at UBS, told CNBC's"Squawk Box Europe" that"toxic" and"intractable" politics were already weighing on markets, and posed a threat to the U.S. economy.
Data coming out of the U.S. were also reflecting that geopolitical tensions were causing economic damage, Carpenter told CNBC Tuesday.
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