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meaningful, i think then certainly we will have a huge reaction in the market. but for now, i don t really see anything more meaningful coming into the market. so anything more meaningful coming into the market. into the market. so we have reached the into the market. so we have reached the halfway - into the market. so we have reached the halfway point i into the market. so we have reached the halfway point of 2023. how would you describe the health of the global economy? the health of the global econom ? . v . economy? that s an intriguing question- economy? that s an intriguing question- i economy? that s an intriguing question. ithink economy? that s an intriguing question. i think throughout l question. i think throughout this year, central banks and lawmakers and policymakers have been very much focused on taming inflation, bringing inflation under control. and a lot of these banks have failed to bring inflation to the target level, which is still running ....
Are not doing well, but in particular i think for china, significant domestic headwinds from the property sector, from the loss of confidence among households and private businesses, and that is making it very difficult for the economy to regain its previous momentum, which is why we are seeing the recovery level off at the growth rates which pre pandemic would have been seen as very low. it maybe that s just the new normal that the chinese economy now faces. in some of your research, you are saying that you are a bit more optimistic about the rest of 2023. why? i more optimistic about the rest of 2023- why? more optimistic about the rest of 2023. why? i think sentiment has swung of 2023. why? i think sentiment has swung from of 2023. why? i think sentiment has swung from extreme - of 2023. why? | think sentiment l has swung from extreme optimism to the point where we are now entering a period of extreme pessimism. you look at many of the consensus forecasts for chinese growth of ....