Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
Business

Survey: Economists See No Gain from NAFTA Renegotiation

The United States, Canada and Mexico are engaged in the third round of talks

Canadian Foreign Affairs Minister Chrystia Freeland, from left, Mexico's Secretary of Economy Ildefonso Guajardo Villarreal and U.S. Trade Representative Robert Lighthizer, take part in a press conference regarding the second round of NAFTA renegotiations in Mexico City, photo: AP/Marco Ugarte
3 weeks ago

WASHINGTON – Most business economists expect the Trump administration’s efforts to renegotiate the North American Free Trade Agreement (NAFTA) will make no difference to the U.S. economy or cause harm.

The National Association for Business Economics (NABE) survey of 47 economists found that one-third think the renegotiation will have no impact, while one-fifth think it will harm the economy slightly. Seven percent see its impact as strongly or moderately negative.

One-quarter said the renegotiation will be slightly positive while 9 percent said it would be moderately positive. The survey covered economists who work for large companies, trade associations, consulting firms, and universities.

The United States, Canada and Mexico are engaged in the third round of talks on the agreement, which began Saturday and will continue through Wednesday. The negotiations have covered a range of issues, including Mexico’s wage levels and the agreement’s mechanism for settling commercial disputes.

So far only limited progress appears to have been made. U.S. Trade Representative Robert Lighthizer said Sept. 18 that the talks were proceeding at “warp speed, but we don’t know if we’re going to get to a conclusion.”

The NABE survey found economists’ views on U.S growth and employment were little changed from its last survey in June. The respondents expect the economy will expand 2.2 percent this year and 2.4 percent in 2018.

Unemployment will average 4.4 percent this year, they forecast, and 4.2 percent in 2018, the survey found. It is currently 4.4 percent, near a 16-year low.

The survey was taken between Aug. 24 and Sept. 7, just when Hurricane Harvey made landfall and before Hurricane Irma reached the U.S. The results don’t take into account the impact of the storms, which most economists think will temporarily slow growth in the July-to-September quarter.

Growth will then probably rebound in the fourth quarter, economists say, accelerated by rebuilding and repair efforts.

The survey’s respondents see little chance of a recession in the next two years. They put the odds of a downturn at 25 percent or less this year.

CHRISTOPHER RUGABER

Comments Whatsapp Twitter Facebook Share
More From The News
Sports

NBA Changes All-Star Game Format; Captai ...

2 weeks ago
Business

World Stocks Mixed as Investors await mo ...

2 weeks ago
World

Sweden Grants Temporary Asylum to 106-Ye ...

2 weeks ago
World

Puerto Rico Raises Hurricane's Official ...

2 weeks ago
Most Popular

Argentine Wines, Beyond Malbec

By Thérèse Margolis
Living

Help Still Needed in Xochimilco

By The News
Mexico

Mexico Bars Quake-Collapsed School in Ca ...

By The Associated Press
Mexico

The Economist Mexico Summit: NAFTA and t ...

By The News
Business

N. Korea Minister Calls Trump's Threat ' ...

By The Associated Press
World