Posted 11/14/2023, 12:30:27 PM
UBS Forecasts 1990s-Style Growth for Economy, Not Stagnation or Boom
- UBS sees 1990s-style economic growth rather than 1970s stagnation or 1920s boom
- Factors needed inflation under 3%, investment, post-pandemic dynamism, fading policy headwinds, productivity gains
- Current economy unusual with growth despite rate hikes, unlike early 2022 forecasts
- Supply issues in oil, minerals, labor, housing will dominate economy
- Risks geopolitics, politics, debt crisis, energy crisis, climate, AI disappointment