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Fannie Mae downgrades economic forecast citing “ratcheting up of trade tensions” 

Jun 17, 2019By

Fannie Mae downgraded its forecast for U.S. economic growth, citing a “ratcheting up of trade tensions,” and said 2020 will see the worst economy in more than a decade. The mortgage giant revised its projection for GDP growth to 1.5% for next year, which would be the worst performance since a 2.5% contraction in 2009, according to data from the Bureau of Economic Analysis.

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