WASHINGTON — President Donald Trump will enjoy the backdrop of a mostly solid economy as he delivers his second State of the Union address Tuesday night, though questions about its sustainability linger. Those figures, however, haven’t fully erased concerns about an array of headwinds facing the U.S. economy this year. Several challenges loom: Overseas growth is stumbling, led by weakness in China, the world’s second-largest economy. A trade war between the U.S. and China and higher U.S. mortgage rates, partly engineered by the Federal Reserve, remain threats. Harris forecasts that growth will slow to a 2 per cent annual rate in the final three months of this year.

Source: National Post February 05, 2019 05:07 UTC