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There are plenty of genuine causes for concern. Some threats are still looming, and it is difficult – if not illusory – to assign a probability to them and give them tangible consistency; others have already taken shape. The global economy is proving quite resilient. Nevertheless, even before these threats have a tangible influence on the real economy, their effects are being felt in financial variables and expectations.
Despite the undeniable multiplication of areas of risk. These are not yet dramatically affecting the real economy but are prompting a tightening of financial conditions and undermining trust.
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