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Grounding of 737 Max Is Seen Swaying Some U.S. Economic Data

  • JPMorgan says production halt could reduce U.S. GDP by 0.15%
  • Boeing will slow assembly line to recover from winter storms
Bloomberg business news
Boeing 737 Max Timeline
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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.