Reuters reports the Goldman Sachs Group is warning of an imminent recession.
The firm said on Sunday that fears of the U.S.-China trade war leading to a recession are increasing.
It also said that it no longer expects a trade deal between the world’s two largest economies before the 2020 U.S. presidential election.
The dispute has revolved around tariffs, subsidies, technology, intellectual property and cyber security.
Goldman Sachs lowered its fourth-quarter U.S.