# UBS On-Air: Paul Donovan Daily Audio 'Dull resilience'

Page: https://stenobird.com/podcast/ubs-on-air-market-moves-2992243/ubs-on-air-paul-donovan-daily-audio-dull-resilience
Text version: https://stenobird.com/podcast/ubs-on-air-market-moves-2992243/ubs-on-air-paul-donovan-daily-audio-dull-resilience.md
Podcast: [UBS On-Air: Market Moves](https://stenobird.com/podcast/ubs-on-air-market-moves-2992243)
Published: 2026-06-30T07:09:00+00:00
Episode link: https://www.ubs.com/content/dam/podcasts/wma/260630-dull-resilience.mp3
Audio file: https://www.ubs.com/content/dam/podcasts/wma/260630-dull-resilience.mp3
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JSON: https://stenobird.com/v1/public/podcasts/ubs-on-air-market-moves-2992243/episodes/ubs-on-air-paul-donovan-daily-audio-dull-resilience
Duration seconds: 160

## Resource

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.

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## Transcript

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