Investors are pessimistic about the stablity of the US economy. DW asked Michael Burda of Humboldt University about the biggest challenges facing the world's largest economy.
Its headquarters was once the tallest building in the world, but Sears’ heyday is now far in the rearview mirror as it files for bankruptcy. The rise of e-commerce has hastened its demise and its future is uncertain.
The National Bureau of Statistics said that while growth has slowed, it still managed to remain relatively steady. Beijing has decided to focus on consumer spending to ride out a trade spat with the United States.
Trump has warned that if Democrats won power in the midterm elections, the US economy would see higher taxes, endangering jobs as a result. But cohabitation means legislative stagnation is more likely.
The American economy expanded by 4.1 percent in the second quarter, as consumers continued their spending spree and exporters rushed to beat retaliatory tariffs. President Donald Trump hailed the "great GDP numbers."
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