While a global recession is probably still a year or two away, “there are storm clouds on the horizon,” which are starting to look more than a little threatening, says IHS Markit economists.
“The good news on the trade front is that the United States, Mexico, and Canada have agreed to a revised North American trade treaty,” says IHS Markit’s Chief Economist Nariman Behravesh. “The bad news is that the trade tensions between the United States and China seem to be escalating inexorably.”
