Analysts: Trump's plan to reduce the size of the government may hit the tourism industry and trigger a chain reaction in the economy
Golden Finance reported that Melius Research analysts pointed out in a report that the Trump administration's push to reduce the size of the government could have a negative impact on the tourism industry and the broader U.S. economy. United Airlines recently said that its government business has weakened since the U.S. presidential election in November. However, analysts also pointed out that airlines are relatively less dependent on government business, which accounts for less than 2% of United Airlines' revenue, while Delta Airlines is about 1%. "The question is whether the weakness in government business will spread to other parts of the economy," analysts wrote. "It's difficult to judge at this point, but there are clearly growing concerns about how this impact can be controlled."
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