The US economy is no longer likely slip into a recession this year, according to Barclays no longer expects
It has revised growth forecasts upwards in light of the de-escalation in tensions between the US and China.
The bank said it now expects the US economy to grow 0.5 per cent this year and 1.6 per cent next year.
It’s previous forecast was -0.3 per cent and 1.5 per cent , respectively.
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