UBS On-Air: Paul Donovan Daily Audio 'Holding back?'
Update: 2024-11-11
Description
China’s fiscal stimulus plans underwhelmed financial markets. There is a sense that consumer weakness has not been addressed directly (the weekend’s consumer price inflation data suggested consumer weakness). There might be a reluctance to admit that current policies are not working, or a desire to keep some fiscal firepower in reserve to deal with the risk of trade taxes in 2025.
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