WASHINGTON - Economists have become more concerned about US growth prospects, citing trade friction as the major worry, but recession risks have receded slightly, according to a survey released on Monday .
The NABE panel"turned decidedly more pessimistic about the outlook over the summer, with 80 per cent of participants viewing risks to the outlook as tilted to the downside," said Gregory Daco, the group's survey chair and chief US economist at Oxford Economics. US-China trade war could lead to global recession: Wang Yi Submitted by hermes on Sep 29, 2019, 5:00 am Media: Caption: State Councillor and Foreign Minister Wang Yi, the Chinese government's top diplomat, addressing the annual United Nations General Assembly at the UN Headquarters in New York on Friday. Representing China on the international stage at the UN, Mr Wang vowed firmness during his blunt speech and took a clear swipe at United States President Donald Trump.
In successive rounds of tit-for-tat tariffs, the US and China have levied punitive duties on hundreds of billions of dollars of each other's goods, roiling financial markets and threatening global growth.
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