To what extent did economists expect a slump in economic growth following the extended trade war of the last few months? Almost every economist expects a trade war to drag down economic growth around the world, although its impact will vary widely depending on the country and sector. The Times claims that business investment has not grown but The Journal gives numerical results claiming it has. Business investment has definitely grown. The Journal story noted, correctly, that “nonresidential fixed investment,” a measure of overall business investment, has risen more quickly this year.

Source: New York Times July 31, 2018 11:26 UTC