Joining me now is satyam panday, Chief Us and Canada Economist at S P global ratings. Satyam, what are the key elements here that youre looking at that mean theres going to be a drag on growth . We are mostly focused on the consumer sector, we are mostly focused on the consumersector, like we are mostly focused on the consumer sector, like you mentioned in your opening statement. We are starting to see some Consumer Caution creep up, see some Consumer Caution creep up, especially given how the Labour Market has moderated, we have also seen the real Income Growth so often, and that means most likely moving forward, the same type of growth coming from Consumer Spending iS Probably going to be softer, and if you think about the Consumer Spending, you have to look at the taxes being collected state and local site, so the Upside Surprise we have seen from the state and local Government Spending is also going to be softened moving forward. Put it all together, it is the consumers that are go
Editor Nic Robertson in moscow. And, nic, what is your assessment of what were seeing. It almost looks like russia is in its final stages of combat readiness. Yeah, of course, for weeks now weve been hearing from u. S. Officials and other officials, british officials saying, look, if russia is really serious about wanting a negotiation, a diplomatic track to open up here, then it should reduce the tension. If it really wants to have a discussion and get its issues addressed, then why the need for troops and russia keeps insisting it has no intention of invading ukraine. But as the British Foreign secretary said today, russia is creating completely the opposite impression because it continues to build up its forces, presenting a very clear image of an ability to invade should it so choose. So i think you have to take it as read that this is clearly what the kremlin intends. This is clearly how they intend to negotiate, not from a position where theyre walking away from a buildup of forc
Editor Nic Robertson in moscow. And, nic, what is your assessment of what were seeing. It almost looks like russia is in its final stages of combat readiness. Yeah, of course, for weeks now weve been hearing from u. S. Officials and other officials, british officials saying, look, if russia is really serious about wanting a negotiation, a diplomatic track to open up here, then it should reduce the tension. If it really wants to have a discussion and get its issues addressed, then why the need for troops and russia keeps insisting it has no intention of invading ukraine. But as the British Foreign secretary said today, russia is creating completely the opposite impression because it continues to build up its forces, presenting a very clear image of an ability to invade should it so choose. So i think you have to take it as read that this is clearly what the kremlin intends. This is clearly how they intend to negotiate, not from a position where theyre walking away from a buildup of forc
Editor Nic Robertson in moscow. And, nic, what is your assessment of what were seeing. It almost looks like russia is in its final stages of combat readiness. Yeah, of course, for weeks now weve been hearing from u. S. Officials and other officials, british officials saying, look, if russia is really serious about wanting a negotiation, a diplomatic track to open up here, then it should reduce the tension. If it really wants to have a discussion and get its issues addressed, then why the need for troops and russia keeps insisting it has no intention of invading ukraine. But as the British Foreign secretary said today, russia is creating completely the opposite impression because it continues to build up its forces, presenting a very clear image of an ability to invade should it so choose. So i think you have to take it as read that this is clearly what the kremlin intends. This is clearly how they intend to negotiate, not from a position where theyre walking away from a buildup of forc
Editor Nic Robertson in moscow. And, nic, what is your assessment of what were seeing. It almost looks like russia is in its final stages of combat readiness. Yeah, of course, for weeks now weve been hearing from u. S. Officials and other officials, british officials saying, look, if russia is really serious about wanting a negotiation, a diplomatic track to open up here, then it should reduce the tension. If it really wants to have a discussion and get its issues addressed, then why the need for troops and russia keeps insisting it has no intention of invading ukraine. But as the British Foreign secretary said today, russia is creating completely the opposite impression because it continues to build up its forces, presenting a very clear image of an ability to invade should it so choose. So i think you have to take it as read that this is clearly what the kremlin intends. This is clearly how they intend to negotiate, not from a position where theyre walking away from a buildup of forc