As President Donald Trump continues sounding a triumphalist tone on the subject of the economy, there are developing signs that point to a brewing recession. Fear of a slowdown is the primary reason why the Federal Reserve declined to raise interest rates at the start of the year, and now it seems that these fears are well-founded. GDP growth during the four quarters of 2018 was the fastest since 2005. This Administration is the first on record to have experienced economic growth that meets or exceeds its own forecasts in each of its first two years in office. GROWTH is
The post Trump Takes Unsustainable Path as US Lurches Toward Recession appeared first on CCN
source https://www.ccn.com/trump-takes-unsustainable-path-as-us-lurches-toward-recession
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