Autos In The US Economic system (2)

Mary T. Barra, the chief govt of General Motors, with President Trump at a Michigan event last month to debate automaking and job creation.

You can see the rise in imports from much lower than 1% in the 1960s to about 2% of US GDP within the mid 2000s (till the great recession hit). The opposite interesting factor is that consumption of autos (as a fraction of the economy) began a critical decline within the early 2000s. That is going to complicate the evaluation which I’ll take up once more within the next submit.

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