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Outlook for US Economy Worsens as China Trade War Persists

Trade tensions and expectations of substantial tariff increases on imports from China are taking their toll on the U.S. and global economies, according to the June “Forecast Flash” from Global Insight by IHS Markit. U.S. gross domestic product (GDP) growth is projected to slow to 1.5 percent in the second quarter, and average 1.8 percent…

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