Private debt in US and China could amplify costs of the trade war

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<title>Private debt in US and China could amplify costs of the trade war</title>
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<dateIssued>2019</dateIssued>
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<abstract displayLabel="Summary">The world economy's expansion is on increasingly shaky ground with risks stemming most significantly from its two largest economies. The US economy has now matched its longest period of consecutive growth on record, but uncertainty is increasing, bringing the Fed back to a defensive position. China's economic growth, while still robust in part thanks to government support, has slowed to its lowest rate since records began in 1992. What could be the trigger to knock either of these economies off course? </abstract>
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