US slowdown

October 08, 2019

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WASHINGTON: The nation’s business economists think President Donald Trump’s trade war with China will contribute to a sharp slowdown in economic growth this year and next, raising concerns about a possible recession starting late next year.

The latest survey by a panel of 51 forecasters with the National Association for Business Economics shows they expect growth, as measured by the gross domestic product, to slow to 2.3 per cent this year from 2.9pc in 2018.

Published in Dawn, October 8th, 2019