Episode
UBS On-Air: Paul Donovan Daily Audio 'Dull resilience'
- Podcast
- UBS On-Air: Market Moves
- Published
- Jun 30, 2026
- Duration seconds
- 160
- Processing state
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Summary
The narrative of today’s generally “second tier” data releases is of a global economy that is resilient if somewhat dull. This might seem remarkable in the face of war, oil price gyrations, and unpredictable US policy. However, middle-income consumers in developed economies began this year in a solid position. Oil and the US economy have become less important over time. People are very good at adapting to a crisis.