Thursday, February 6, 2020

Treasury Secretary Mnuchin is muting expectations for 2020 GDP growth as Wall Street predicts a pathetic 1.8%

“I think our projections have been reduced because of Boeing and other impacts,” he told the Fox Business Network from the White House. “I think we would have hit 3%, but again, Boeing has had a big impact on our exports, being the largest exporter.”

“I think that could be 50 basis points or not more,” he added. ...

Wall Street consensus forecast for 2020 GDP is around 1.8% and the Federal Reserve’s forecast is 2%.