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Article snippet: The looming threat of MORE's impeachment is adding another flashpoint to an uncertain economic outlook for the U.S. Trump's trade battles, impending recessions across Europe, and rising tensions in the Middle East have taken a toll on the slowing U.S. economy. The U.S. has held steady even as job and economic growth have faded throughout 2019, threatening an unemployment rate near record lows. Consumer confidence and spending have also declined through the summer, due in part to a sharp escalation in the U.S.-China trade war. With trouble on the horizon, Trump has warned of economic ruin if Democrats proceed with impeachment, even after spending months downplaying the threat of a recession. “If they actually did this the markets would crash,” Trump tweeted Thursday, a day after House Speaker MORE (D-Calif.) announced the Democratic caucus would begin an impeachment inquiry. “Do you think it was luck that got us to the best Stock Market and Economy in our history. It wasn’t!” While Trump has claimed that his impeachment would bring economic ruin and financial panic, economists say it would take a political catastrophe to spur that level of chaos. But they also warn that the political storm poses serious threats to an economy already vulnerable to major shocks. “There’s no upside,” said Mark Zandi, chief economist at Moody’s Analytics. “The question is, how big a downside will it be?” The fate of Trump’s reelection campaign is closely tied to the strength of the U.... Link to the full article to read more