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