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UBS On-Air: Market Moves

UBS On-Air: Paul Donovan Daily Audio 'The least entertaining farce in history'

5 min • 27 september 2023
The US fiscal farce continues, with government shutdown increasingly likely. A short-lived shutdown damages the US economy, but middle-income families have some immunity (it is middle-income spending that is softening the soft economic landing). The rest of the world cares less about this type of US growth slowdown as the US government does not import much. The rest of the world cares whether US consumers are spending.
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