Managing a No Deal World

UBS Chief Economist Paul Donovan discusses how global policy uncertainty is stalling investment in Japan and the US, while consumers remain resilient through savings.

Key Takeaways

• 1.Oil prices have risen slightly as investors remain cynical about the prospects of an Iran-US agreement.
• 2.Global investment spending is being hampered by policy uncertainty, evidenced by weak Q1 data in Japan and a fading factory boom in the US.
• 3.European and US consumers are maintaining spending levels despite inflation by utilizing savings or benefiting from real income growth.

Table of Contents

• Audio
• Global asset class preferences definitions
• Appendix
• Risk information
• Generic investment research – Risk information

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