Deposits
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Looking Back and Ahead: Evaluating Risks to the US Economy
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Risks to global trade are increasing as Trump prepares to implement the Reciprocal Tariffs policy.
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Intensifying trade war increases risks of economic slowdown and rising inflation
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Intensifying trade war increases risks of economic slowdown in the US and Eurozone; China shifts focus to boosting its domestic economy
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Escalating trade war impacts outlook for US and Japan’s economies, while China starts to feel the pain from US tariffs.
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US and Eurozone economies show growing signs of slowdown, while China strives to boost still-weak consumption.
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Rising tensions in the Middle East increases risks to global economy and energy prices; China’s consumption improves but still lacks growth momentum
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Uncertainty surrounding US tariff policy poses a risk to economic growth in 2H25; China remains under internal and external pressures.
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Trade policy risks resurface after Trump unveils tariffs of 20–50%. Excess supply continues to pressure China’s economy.
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Slowing economies in the US and Eurozone open the door to 2025 rate cuts while China’s growth remains weak despite some improvement.
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