1. A pullback in consumer spending 2. An escalation with China 3. A global slowdown 4. Too little inflation 5. The big unknown: Brexit
The US economy, for now, remains on solid ground with strong consumer spending propping up the country's longest expansion, now in its 11th year, despite weak business investment and a slowdown in manufacturing. Since Trump took office, paychecks have grown, the stock market has reached record highs and unemployment has stayed at a historic 50-year low.But like the adage goes:"Economic expansions don't die of old age.
"China would have no choice to take necessary countermeasures," according to a statement from the country's State Council's Customs Tariff Commission.Goldman Sachs and other analysts no longer expect the Trump administration to reach a trade deal with China ahead of the 2020 election, and anticipate far deeper economic effects due to the trade war. 3.
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