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As American aerospace giant Boeing is still dealing with the 737 Max crisis, the company’s poor performance could have consequences for the entire US economy, slowing growth and affecting the greenback. Last week, US Treasury Secretary Steven Mnuchin warned that the situation with the company could cut the country’s GDP this year by half a percentage point, as it is one of the largest US exporters. Moreover, the company’s troubles may also weaken the dollar, the chief global strategist at Euro Pacific Capital, Peter Schiff, believes. “Over the long term there’ll be a recovery, but in the
boeing s troubles could drag down us dollar peter schiff tells rt s boom bust
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