Economic preview: Consumer spending slows, investment hurt by China trade war
The U.S. economy is in no danger of imminent recession, but it appears to be facing tighter caps on just how fast it can grow.
It’s not hard to see why. A weaker global economy, a major U.S. trade dispute with China, an up-and-down stock market and the fading effects of the Trump tax cuts have worked to dampen the momentum. The yearly pace of investment almost came to a standstill at the end of 2018 after soaring to a six-year high of 13% in the fall of 2017, according to a closely followed measure known as core capital orders. The latest figures on investment will be released Friday as part of the April report on durable-goods orders.
It’s hard for executives to plan and invest, after all, when they don’t know what the rule are. If the dispute drags on and puts investment in a deep freeze the consequences could be far reaching.
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