According to CNBC, the trade war between China and US caused a serious challenge for US economy. Pantheon analysts believe that an agreement between China and US till the end of 2019 should be forgotten and added that both China and US economies are negatively influenced by the cold war. Investigation of the US economic indicators shows a worrying trend, the Purchasing Managers’ Index (PMI) is reported less than 50 for the first time this year. Also US business optimism decreased 1.6% in the Q3 compared with Q2 of 2019.
US employers are less interested to hire new employees and on August 2019, only 130K new jobs were offered, down 30K from the previous forecasts. US employment is expected to become less than 100K.