User login

Report: U.S. economy would lose 300,000 jobs without NAFTA before rebounding

January 16, 2018 at 4:48 PM
Pulling out of NAFTA would result in a “sharp,” short-term shock to the U.S. economy, though the long-term impact would “likely be mild,” a new analysis says. “The brunt of the shock would be felt in 2019, with real GDP growing a modest 1.5% (compared to growth of 2.0% in our baseline forecast),” states a research briefing published Monday by Oxford Economics. “Meanwhile, on the household front, slower employment growth (the US would have about 300,000 fewer jobs by the...

Not a subscriber? You can request 30 days free access to exclusive, behind-the-scenes reporting on trade policy in the Biden era.