Carlyle Group co-CEO Kewsong Lee said he is hopeful for a phase one trade deal but 'there are lots of structural issues' as the U.S. and China learn how to coexist.
Carlyle Group co-CEO Kewsong Lee said the U.S. economy will not go into a recession in 2020.
Lee said he is hopeful for a phase one trade deal but "there are lots of structural issues" as the U.S. and China learn how to coexist.Carlyle Group co-CEO said the U.S. economy will avoid a recession next year, despite slowing down. The trade war between the U.S. and China and weakness in the manufacturing industry has caused investor worries about whether the U.S. is slipping into a recession. The Federal Reserve lowered interest rates three times this year to offset some of the weakness. However, a tight labor market and a strong U.S. consumer is keeping the economy in the longest economic expansion in U.S. history.
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