America's business leaders are growing more worried that the United States will enter a recession by the end of 2020
That is the topline finding of a report released Monday by the National Association for Business Economics. The survey, based on responses by 53 economists, is a leading barometer of where the US business community thinks the economy is headed. "Increased trade protectionism is considered the primary downwide risk to growth by a majority of the respondents," Gregory Daco, chief US economist for Oxford Economics, said in a statement.
1% in the first three months of 2019.The United States is probably somewhere in the last stages of an epic run of economic growth that began in 2009. Dramatic and coordinated responses by the Federal Reserve, Congress and the Obama administration helped pull the country up from the Great Recession. Tariffs on Mexico will hurt American businessPresident Donald Trump, who took the reins of the US economy from Barack Obama in 2017, has aggressively tried to reorder the US position on global trade.
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