Source:
https://scmp.com/business/article/2185873/tariff-hikes-wont-affect-us-which-poised-longest-period-economic-growth
Business

Tariff hikes won’t affect US, which is poised for longest period of economic growth since 1785, says Indosuez economist

  • If they do go up, levies will be rising from record low level, says Marie Owens Thomsen, global head of investment intelligence at Indosuez Wealth Management, the private banking arm of Credit Agricole Group
Marie Owens Thomsen also said that many people have overinvested in the US market and should probably consider shifting more investment into emerging markets and safe haven assets. Photo: AFP

The United States, the world’s largest economy, is poised to see its longest period of economic growth since 1785, if there is no recession through July this year, according to Marie Owens Thomsen, global head of investment intelligence at Indosuez Wealth Management, the private banking arm of French financial services firm Credit Agricole Group.

Tariff hikes from its trade war with China are unlikely to tip its economy into recession, as long as its trading volume keeps growing, she said. The previous longest US expansion was 120 months long, between March 1991 and March 2001. By July, the current economic upcycle will have lasted 121 months.