Fears of a recession caused by the trade war is growing, economists say. Photo: Bloomberg

US-China trade war takes heavier toll than expected, could wreak biggest havoc in fourth quarter, investment banks say

  • Uncertainty over future policy may lead to lower capital expenditures as businesses await a resolution of trade war, Goldman Sachs said
  • US economy faces rising fears of a recession, Goldman Sachs said, cutting fourth-quarter growth forecast for US by 0.2 percentage point to 1.8 per cent
Topic |   US-China trade war

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Fears of a recession caused by the trade war is growing, economists say. Photo: Bloomberg
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