With no US-China deal in sight, analysts are catching recession anxiety

Morgan Stanley, in a note to clients last week, said a recession would come in nine months if US President Donald Trump goes one step further than the 10 per cent tariff he has threatened on Chinese goods.
Morgan Stanley, in a note to clients last week, said a recession would come in nine months if US President Donald Trump goes one step further than the 10 per cent tariff he has threatened on Chinese goods.PHOTO: EPA-EFE

WASHINGTON - Worries about a potential economic recession have grown following events of recent days when, in a fundamental shift, it has dawned on markets, businesses, analysts and pundits that no United States-China deal is in the offing for the foreseeable future.

Morgan Stanley, in a note to clients last week, said a recession would come in nine months if President Donald Trump goes one step further than the 10 per cent tariff he has threatened on Chinese goods from Sept 1.

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