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"The widespread assumption that China will overtake the US as the world's largest economy is likely to be proved wrong," says Capital Economics.
Only 40% of respondents in the Financial Times poll said that the stock market had gone up this year. The S&P 500 has soared about 26% in 2019.
Low recession risk, faster growth, and unemployment at a 70-year low — here are Goldman Sachs’ predictions for the US economy in 2020
The Wall Street titan said the presidential elections are "likely to be the single biggest event for financial markets in 2020."
Goldman Sachs says the trade dispute is hitting China especially hard.
The Swiss bank expects GDP growth to average at 1.1% in 2020. "The trade war has had a greater effect on the economy than we had expected," it said.
China and the US agreed to roll back trade-war tariffs — or it may be ‘more of the same kind of pump we see almost daily’
"Top negotiators had serious, constructive discussions and agreed to remove the additional tariffs in phases," said Gao Feng, Chinese commerce ministry spokesperson.
The US commerce secretary said at a conference that the US and China were “very far along” in discussions about an initial trade deal, Bloomberg reported.
Inequality, looming demographic 'doom,' and 'sticky ideologies' are behind a massive shift leftward, says Macro Hive.
European banks are struggling.
Chinese officials reportedly cast doubt on any long-term trade deal with Trump — and his impulsive nature is part of the problem
"Chinese officials have warned they won't budge on the thorniest issues," Bloomberg reported. And they're also worried "he may back out" of a deal.