The world economy shrugs off both the trade war and AI fears
SIX MONTHS ago, as President Donald Trump announced a trade war of unprecedented ferocity, firms and investors braced for a slump. Movements in financial markets pointed to a recession. American consumers’ confidence nosedived. So did some real-time measures of economic growth. Yet today, even as America and China trade bitter barbs, there are fewer “Liberation Day” effects than expected.
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