What does the speaker suggest about the current state of the US economy?
U.S. ISM Factory Index Sinks to 10-Year Low of 47.8
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Business, Social Studies
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University
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Hard
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The video discusses the economic impact of the trade war, highlighting a shift in growth patterns under the Trump administration. It examines market reactions to recent PMI and ISM data, suggesting a slowdown rather than a recession. Additionally, it covers Japan's consumption tax hike and its potential negative effects on the global economy.
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3 mins • 1 pt
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What is the significance of the consumption tax hike in Japan mentioned in the text?
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