Overblown concerns over the effects of the trade war completely unnerved economists and financial markets in late 2018

In late 2018, economists and investors became convinced that the trade war between the United States and China would cause a drastic decline in growth . M ost of them fell into line with this very pessimistic view. As should have been foreseen, the United States and China are now seeking a compromise; financial markets are already picking up, and forecasters will soon raise their growth forecasts.