If you want to know what the economic backdrop to the 2020 elections is likely to be, pay close attention to some of this week’s headlines.

Over the next few days, we are going to get readings that tell us a lot about how the economy is holding up after a summer recession scare. If the numbers and policy announcements play out as forecasters are expecting, we’ll also see some of the contradictions of the Trump-era economy exposed.

Specifically, the economy in late 2019 appears to feature a combination of economic growth that is slowing but not falling into a recession, a booming stock market, low interest rates, a tight labor market and a weak manufacturing sector. There is always the possibility of surprises, but this could be the mix that shapes the discussion on the campaign trail in the year before Election Day.

In particular, if recent trends hold up, Democrats will have a lane to attack President Trump, pointing to weak growth in employee wages and a struggling factory sector. Republicans will be able to boast about some of the lowest jobless levels in decades and a robust stock market.