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Chief Economist's Corner: Come back in September
While a long and record warm summer slowly comes to an end, uncertainties still loom in the financial markets where in particular two themes attract investors’ attention. The first theme is the ongoing trade war between the US and the rest of the world, which strongly affects day-to-day sentiment among investors. Share prices plunge when the conflict escalates and recover when progress is reported. However, the economic consequences of the trade war are still very difficult to predict. There are few similar situations that can form the basis for research and economic models do not work well with uncertainties. The ... (full story)