No, UAW Strike Would Not Tip the Economy Into Recession - Economist Says
Portfolio Pulse from Shivani Kumaresan
A strike by United Auto Workers (UAW) at General Motors Co, Ford Motor Co, and Stellantis NV would not cause a recession, according to RSM US LLP economist Joseph Brusuelas. A Michigan-based economic consultancy estimated a $5.6 billion potential loss to the U.S. GDP for a 10-day strike by the UAW. However, Brusuelas believes the economy could only suffer a modest 0.2% drag this quarter if the action lasts for a month.
September 11, 2023 | 5:53 pm
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NEGATIVE IMPACT
Ford's stock price may be affected by the potential UAW strike, but the overall economic impact is not expected to be significant.
The potential UAW strike could disrupt Ford's operations, potentially affecting its stock price. However, the overall economic impact is not expected to be significant, which may limit the downside for the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
GM's stock price may be affected by the potential UAW strike, but the overall economic impact is not expected to be significant.
The potential UAW strike could disrupt GM's operations, potentially affecting its stock price. However, the overall economic impact is not expected to be significant, which may limit the downside for the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Stellantis's stock price may be affected by the potential UAW strike, but the overall economic impact is not expected to be significant.
The potential UAW strike could disrupt Stellantis's operations, potentially affecting its stock price. However, the overall economic impact is not expected to be significant, which may limit the downside for the stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80