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⭕ The outlook for the US economy remains weak, despite a temporary lull in the US-China trade war, according to a Reuters poll of economists.

📍A 90-day trade truce has resulted in a slight reduction in import tariffs between the two countries, slightly reducing the risk of a US recession. However, the fiscal situation is deteriorating, especially with a congressional vote on a comprehensive tax bill proposed by President Donald Trump approaching, following a sovereign credit rating downgrade by Moody's.

📌According to the poll, conducted between May 14 and 21, all participating economists agreed that the Trump administration's policies have harmed the economy, with more than 55% saying they have done significant damage.