The grounding of Boeing Co.’s 737 Max after a second crash is poised to start percolating through major U.S. economic indicators ranging from international trade to durable goods, according to JPMorgan Chase & Co.
For now, the issues affecting the aircraft probably won’t have a short-run impact on gross domestic product because production continues, but they will affect the composition of GDP, with more inventory growth and less of a boost for business investment and gross exports, JPMorgan’s Chief U.S. Economist Michael Feroli wrote in a note Thursday.
