navigate? i these countries will have to navigate? these countries will have to naviate? . , ~ , ., navigate? i really think it s a confidence navigate? i really think it s a confidence game navigate? i really think it s a confidence game at - navigate? i really think it s a confidence game at this - navigate? i really think it s a l confidence game at this point. we want consumers to continue to spend, we want firms to continue to invest. i think having some confidence that the rate cycle globally is near a peak, the us continues to put up peak, the us continues to put up good numbers, china has tweaked some of the measures in the property market. it s certainly not a disastrous story but it will probably come in poorly on growth and countries have to figure out how to navigate that given the particular circumstances. not a terrible scenario but a bit weaker than we are used to do in this part of the world, where china was harrowing in the region and everyone else was
numbers while the major economies are raising rates and china s growing below its growth targets. paul, what are some of the complex sort of pressure points that these countries will have to navigate as they forge ahead? yeah, well, i really think it s a confidence game at this point, right? so we want consumers to continue to spend. we want firms to continue to invest. so i think having some confidence that the the rate cycle globally is near its peak, the us continues to put up good numbers. china s been tweaking some of the measures over the past week in the property market. so it s certainly not a disastrous story, but it s probably going to come in with a forehand build this year on growth and countries are just going to have to figure out how to navigate that given their particular circumstances. so it s not a terrible scenario, but it s a little bit weaker than we re used to in this part of the world where china was powering the region and everyone else was kind of pul
pressure points that these countries will have to navigate? i really think it s a confidence game at this point. we want consumers to continue to spend, we want firms to continue to invest. i think having some confidence that the rate cycle globally is near its peak, the us continues to put up good numbers, china has tweaked some of the measures in the property market. it s certainly not a disastrous story but it will probably in poorly on growth, and countries have to figure out how to navigate that given the particular circumstances. not a terrible scenario but a bit weaker than we are used to in this part of the world, where china was powering the region and everyone else was pulled along. how do you see the challenges in the property sector? it was one of the huge boosters in the chinese economy. the property sector in china is driving between a quarter and a third growth. we know the authorities are concerned about excess debt levels. they want the market mechanisms to w