Trade war with China may cause 2020 recession

New York (CNN Business)Take a trade war with China, mix in frosty economic relations with Canada and Europe, add in Federal Reserve rate hikes and here’s what you get: A recession by 2020.

So says Ronald Temple, head of US equity for Lazard Asset Management.
He told CNN Business that President Donald Trump’s protectionist policies may lead to a deep slowdown in the economy, particularly because these trade skirmishes coincide with rising interest rates.

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