If Boeing is forced to stop producing the plane that's crashed twice, it could knock a huge chunk of the US' economic output, JPMorgan is warning.
Three Boeing 737 fuselages lie on an embankment on the Clark Fork River after a BNSF Railway Co train derailed near Rivulet, Montana.is facing its worst crisis in years after two of its 737 Max planes crashed within five months.they have on the books.
The total effect could be greater than that of the 35-day government shutdown, which ended in January., the impact on the US economy could be greater than that from the 35-day government shutdown, JPMorgan is warning.that if Boeing is forced to halt production of the 737 max — the plane that's crashed twice in five months, and triggered a global grounding — quarterly GDP readings could take a hit.
For comparison, the Congressional Budget Office estimates that the longest government shutdown in US history, which ended on January 25, shaved about 0.4 percentage points from the first quarter GDP reading. That's in addition to the slower spending as thousands of government workers went without paychecks.
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