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34% of economists expect a U.S. recession in 2021

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WASHINGTON – A number of U.S. business economists appear sufficiently concerned about the risks of some of President Donald Trump’s economic policies that they expect a recession in the U.S. by the end of 2021.

Thirty-four percent of economists surveyed by the National Association for Business Economics, in a report being released Monday, said they believe a slowing economy will tip into recession in 2021. That’s up from 25% in a survey taken in February. Only 2% of those polled expect a recession to begin this year, while 38% predict that it will occur in 2020.

Trump, however, has dismissed concerns about a recession, offering an optimistic outlook for the economy after last week’s steep drop in the financial markets and saying on Sunday, “I don’t think we’re having a recession.” A strong economy is key to the Republican president’s 2020 reelection prospects.

The economists have previously expressed concern that Trump’s tariffs and higher budget deficits could eventually dampen the economy.

President Donald Trump’s trade policies remained a concern for most of the panelists. Thirty-six percent said the existing tariffs, if they remain in place, will reduce 2019 gross domestic product growth by 25 basis points, while 26 percent saw a drag of 50 basis points and 15 percent of panelists expect the reduction to exceed 50 basis points.

Economists also expected the tariffs to boost inflation this year.

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Mi Band 3i with 2 monochrome display launched in India

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Xiaomi has launched the successor of the Mi Band HRX today — Mi Smart Band 3i. Xiaomi’s new wearable follows the popular Mi Band 4 and is available for pre-order starting today via mi.com

The Mi Band 3i brings in some key upgrades. The Mi Band 3i comes in a single Black colour set and it also comes with a 0.78 inch screen at 128 x 80 pixels. The screen is also a monochrome White AMOLED display with 300 nits of brightness and a capacitive touch panel. It also comes equipped with a 110mAh li-polymer battery. Xiaomi claims that this battery will power the Mi Band 3i for up to 20 days. The Mi Band 3i comes with support for Bluetooth v4.2 and is compatible with phones running on Android 4.4 and iOS 9.0 and above. The strap is said to be manufactured using TPU material, and the Mi Band 3i is also listed as 5ATM water resistant certified.

Talking about fitness features, it can track number of steps taken, distance walked, calories burned and more. You can also see app notifications right on the band’s display. These include WhatsApp, Instagram, Text Messages, and incoming call alerts. There is a new “Find Device” option which lets you find the smartphone that is paired with the band. The Mi Band 3i also comes with 5ATM (50 meters) certification for water and dust resistance. Sadly, there is no support for heart rate monitoring.

The new fitness band from Xiaomi will be available for Rs 1,299. You can pre-order it from the company website, and shipping starts from December 10.

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