Containers are piled up at a port in Qingdao in east China's Shandong province. Photo: Associated Press

Citing ‘political uncertainty’ UBS shifts to underweight equity position as US-China trade war escalates further

  • US can avoid a recession in 2020, helped by Fed easing, consumer spending, UBS CIO Mark Haefele says
  • Downside risks increasing for the global economy and markets, Haefele says
Topic |   US-China trade war

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Containers are piled up at a port in Qingdao in east China's Shandong province. Photo: Associated Press
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