The Surprising Industry the U.S.-China Trade War Could Throttle
The writing would appear to be on the wall: A recession may be coming.
Earlier this week, researchers at Goldman Sachs lowered their forecasts for fourth-quarter U.S. GDP growth by 20 basis points to 1.8%, while economists at Bank of America/Merrill Lynch announced the odds of a recession hitting the U.S. economy within the next 12 months at 1-in-3. Though all Wall Street firms have certain metrics they eye to offer clues on the health of the U.S. economy and the path the stock market may take, there's clear worry that the U.S.-China trade war is bad news for both economies.
President Donald Trump (left) and President Xi Jinping (right) at the G20 conference in Japan. Image source: Official White House Photo by Shealah Craighead.
Source Fool.com
