The recent slowdown in US economic growth is expected to continue in the third quarter, based on recent nowcasts. The numbers suggest that the current expansion, the longest on record, will endure. But with no end in sight for the US-China trade war, and elevated risk that a currency war is brewing for the planet’s two largest economies, the potential for trouble is rising.
N. Korea’s Kim says recent missile launches are warning to US: CNBC
US-China trade war raising global recession risk: Bloomberg
US trade tariffs cost US firms $3.4 billion in June: Reuters
China and Pakistan warn India over changes in disputed border area: Newsweek
German industrial output fell at deepest annual rate in a decade: BBG
India’s central bank cuts interest rates for fourth time: CNBC
US job openings slipped in June but remain above 7 million for 15th month: MW