The US economy is slowing over the next few quarters, courtesy of Trump’s trade war, according to a Reuters poll of economists, who see 15 percent chance of recession in the next 12 months and 30 percent in the next two years.
Key quotes (Source: Reuters)
- 36 of 56 economists say US President trump’s expanding trade war damaging for the economy
- US GDP growth seen 3.0 pct in q3, 2.7 pct in Q4 (2.8, 2.6 pct in July poll)
- Federal Reserve to raise rates two more times this year, twice in 2019 (same as July poll)
- median 15 pct chance of US recession in next 12 months, 30 pct in two years (15, 35 pct in July poll)
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