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That is according to 89% of economists surveyed, including 7% who said it would cause the economy to go into recession over the next two years. 11% said a withdrawal from NAFTA would have no effect. 0% said it would improve the economy. 85% said that the economy would be hurt over the long-run, 15% said it would have no effect, and 0% said it would improve the economy.
Forecasters Predict Nafta Withdrawal Would Slow U.S. Growth
“U.S. growth could take a hit as trade flows collapse with some of our largest trading partners and punitive tariffs are imposed in retaliation,” said Scott Anderson, chief economist at Bank of the West. ...
“Breaking global supply chains diminishes productivity and potential growth,” warned Carl Tannenbaum, chief economist at Northern Trust. ...
“Breaking global supply chains diminishes productivity and potential growth,” warned Carl Tannenbaum, chief economist at Northern Trust. ...
Forecasters Predict Nafta Withdrawal Would Slow U.S. Growth