Impact of ending currency manipulation on U.S. economy

Change Low impact High impact
Trade deficit (billions of dollars) -$200 -$500
Gross domestic product
in annual billions of dollars +$288 +$720
as a share of GDP** +2.0% +4.9%
Number of jobs +2,300,000 +5,800,000

*The low-impact scenario assumes ending currency manipulation would reduce the trade deficit by $200 billion; the high-impact scenario assumes a $500 billion reduction in the trade deficit. The table shows the hypothetical change in 2015 three years after implementation.

**Percentages shown are relative to baseline forecasts for 2015.

Note: Dollar calculations are in 2005 dollars.

Source: Scott 2014

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