UBS On-Air: Paul Donovan Daily Audio 'Restrictions and relative demand'




UBS On-Air show

Summary: The British government announced new restrictions for England, after existing restrictions end next week. Chancellor Merkel urged the EU to close ski resorts next year?Switzerland and Scotland would not necessarily follow that. Money that would have been spent skiing may then be spent in other areas of the economy, but ski-related businesses will need fiscal support. The US Supreme Court voted to prevent restrictions on religious services. This has little immediate economic impact, but might lead to higher fear levels if case numbers rise.