Global Forecasts

This report provides UBS Chief Investment Office's weekly updated global forecasts for economic growth, inflation, interest rates, commodities, and equities through 2027.

Key Takeaways

• 1.Global real GDP growth is forecasted at 3.0% for 2026, with the US at 2.2% and China at 4.5%.
• 2.UBS expects the S&P 500 to reach 7,500 by December 2026, supported by an EPS estimate of USD 310.
• 3.Gold prices are forecasted to rise significantly to USD 5,900/oz by December 2026.

Table of Contents

• Economic growth & inflation
• Target rates overview
• Interest rates
• Credit spreads
• Major currencies
• Emerging market currencies
• Commodities
• Equity Markets
• Real estate markets
• Appendix: Contact
• Appendix: Risk Information

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