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UBS

May 28, 2026

Global Forecasts

Weekly UpdateMacro Economic IndicatorsRates Govt BondsRates CreditOther

This report details UBS's weekly updated global forecasts for economic indicators, interest rates, currencies, and commodities through June 2027. It highlights expectations for easing central bank rates and continued growth in major equity markets.

Key Takeaways

  • 1.UBS provides revised economic growth and inflation estimates for 2026 and 2027, projecting a global GDP growth of 3.0% and 3.3% respectively.
  • 2.Monetary policy easing is expected across major central banks, with the Fed target rate forecasted to decline to 3.13% by June 2027.
  • 3.S&P 500 is projected to reach 7,900 by December 2026 and 8,200 by June 2027, driven by significant EPS growth through 2027.

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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Authors

Daniel KaltYifan HuAlejo Czerwonko

Securities

SPXBrent Crude OilXAUTPX

Themes

Monetary Policy NormalizationEquity Market ResiliencePrecious Metals Bull Run

Regions

North AmericaEuropeAsia PacificUnited StatesChinaSwitzerland