What specific impact has the Boeing 737 MAX crisis had on US growth?

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The Boeing 737 MAX Crisis Has Reduced US Economic Growth by an Estimated 0.5 to 0.7 Percentage Points

US Treasury Secretary Steven Mnuchin stated that the ongoing crisis surrounding Boeing’s 737 MAX aircraft has had a discernible negative impact on the United States' economic growth rate. He estimated that the issues stemming from the grounding of the 737 MAX have reduced the US growth rate by approximately 0.5 to 0.7 of a percentage point. Mnuchin made these remarks while participating in discussions at the World Economic Forum in Davos.
Grounding Followed Fatal Crashes

The Boeing 737 MAX aircraft was grounded globally on March 13, 2019. This decision followed two separate crashes involving the model, which collectively resulted in the deaths of 346 individuals. The extended period of the aircraft's unavailability for commercial operations has been cited as a significant factor impacting economic performance.
Uncertainty Over Return to Service

Mnuchin acknowledged that the duration and complexity of efforts required to return the Boeing 737 MAX to operational status could continue to influence economic outcomes. While not providing a specific timeline, his comments indicated that the resolution of the grounding crisis is a factor that may still affect economic projections.
Broader Economic Context Mentioned

While the 737 MAX crisis was identified as a drag on performance, Mnuchin also noted other factors influencing US growth. He suggested that the US economy had been held back by a general slowdown in the global economy. However, he expressed optimism regarding recent trade deals with China, Mexico, and Canada, believing they would positively impact US growth for the current year. Mnuchin also indicated that he found the International Monetary Fund's growth forecasts for the US to be overly pessimistic.

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What specific impact has the Boeing 737 MAX crisis had on US growth?

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