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Tax cut momentum could dwindle next year, but recession unlikely

Economic momentum from tax cuts may slow next year, BNP Paribas economists say, but "we have not yet passed peak earnings growth," according to Schroders economist Keith Wade. Investors are becoming increasingly wary of risk, and the US-China trade war continues to bring uncertainty to the market, but it's unlikely the US will fall into a recession in the near future.

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