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

2 Feb 2020

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.

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