Raluca Cercel, CW Group.
Political instability has filtered its way into seemingly all aspects of the US economy. Although a first look at the country’s economy and construction sector may give solid reasons for this bullish perspective, the underlying reality is that lowering productivity, trade wars with neighbouring countries, and market volatility (which has already been abundant in 2018) are risks that are likely to counterbalance consumers’ and businesses’ chipper attitude in the aftermath of tax cuts. Not to say that we are looking at a recession, but all signs do point to an imminent slowdown.
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