The risks of an economic recession are on the rise, but the country’s manufacturing sector is already there.
And for President Trump, who promised to end the “American carnage” of “rusted-out factories scattered like tombstones across the landscape of our nation,” that could be political trouble.
The manufacturing sector shrunk by 1.9 percent in the first quarter of the year and another 1.2 percent in the second quarter. In July, it is estimated that it contracted 0.4 percent. A recession occurs when an economy contracts in two consecutive quarters.
View the complete August 17 article by Niv Elis on The Hill website here.