Over the last month the U.S.-China trade war has boosted the risk of a U.S. recession, say a strong majority of economists polled by Reuters, who now put the chances of that happening in the next two years at 40%.
That is up from a median 35% in last month’s poll, the first time it had dipped slightly from where it held since December last year, before a crushing sell-off on Wall Street as 2018 came to a close, in part because of those worries.
U.S. President Donald Trump has dismissed the ongoing trade war with China as a “little squabble,” but there are clear signs of the conflict already having an impact on the economy, and the stock market has become jittery again.
