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This lecture discusses the impact of different economic scenarios on financial markets, such as the possibility of a soft or hard landing and the indicators pointing towards a potential recession. It also covers the reliability of economic risk models, the growth outlook for various regions, and the reasons behind the likelihood of a recession. Additionally, it explores the importance of pre-validation services in cross-border payments and the role of Legal Entity Identifiers (LEIs) in enhancing transparency and efficiency in financial transactions.
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