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PETER ATTARD MONTALTO: Be careful what you read into the positive data

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Don’t overplay the reform narrative now, only to ask later whether reform is happening at all as worse data pours in

There was an outpouring of joy from all quarters at the employment and then GDP data. The economy was going gangbusters and surging above pre-Covid levels and all was fine. Reforms were working, and why not? ..

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