Fannie Mae downgrades economic forecast citing "ratcheting up of trade tensions"

Fannie Mae downgrades economic forecast citing "ratcheting up of trade tensions"
Fannie Mae downgraded its forecast for U.S. economic growth, citing a “ratcheting up of trade tensions,” and said 2020 will see the worst economy in more than a decade. The mortgage giant revised its projection for GDP growth to 1.5% for next year, which would be the worst performance since a 2.5% contraction in 2009, according to data from the Bureau of Economic Analysis.
Source: https://www.housingwire.com/rss