Barclays no longer expects the United States economy to fall into a recession later this year and has revised up its growth forecasts following a temporary truce in the trade war between China and the United States, it said in a note published on May 15.
The British bank said it now expects America’s economy to grow by 0.5 percent this year and 1.6 percent next year, up from previous forecasts of negative 0.3 percent and 1.5 percent, respectively.
