U.S. economy shakes free of recession fears in striking turnaround since August

15 Dec 2019

Measured growth is expected because of lower interest rates and more certainty after resolutions to some of Trump’s trade disputes

The U.S. economy is heading into 2020 at a pace of steady, sustained growth after a series of interest rate cuts and the apparent resolution of two trade-related threats mostly eliminated the risk of a recession.

This marks a dramatic turnaround in momentum since August, when some forecasters predicted a 50 percent chance of a downturn starting by the end of next year.

Read full article