Mark Zandi, the Chief Economist at Moody's Analytics (@economics_ma) said that the first quarter 2019 (Q1 2019) US RGDP growth of 3.1% resulted mostly from the precautionary #Inventory #Buildup that businesses carried out in anticipation of US tariffs on Chinese goods and services; and the second quarter of 2019, Q2 2019, the increase in RGDP would likely be just around 1%, reflecting the normal stage of the business cycle. He further added, that, so far #China tariffs have mainly been borne by intermediate capital goods (used by businesses to make consumer goods). They were thus absorbed by businesses. However, the tariffs will now begin impacting consumer goods, and will thus directly impact total consumption in the economy. https://uk.finance.yahoo.com/video/trade-war-already-doing-damage-080815346.html via @HalfonJulien @YahooFinanceUK
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