Turning point |
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The recent wave of data has marked a turning point in the global outlook, and even more so in the market’s perception of the global outlook. European growth has suddenly stalled, with all three major countries contracting in Q2 and leading indicators flagging a material risk of a technical recession. Japan and the UK are in a similar predicament, and emerging markets are also showing signs of weakness. The markets have quickly embraced the view that the slowdown is migrating from a
Filed under: Fundamental
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