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UBS

June 4, 2026

Global Forecasts

Weekly UpdateEquitiesRates Govt BondsRates CreditOther

This report provides the UBS Chief Investment Office's weekly forecasts for global economic indicators, interest rates, currencies, commodities, and equity markets. It covers projections through 2027 to assist in portfolio construction and asset allocation.

Key Takeaways

  • 1.Global real GDP is forecast to grow at 3.0% in 2026 and 3.3% in 2027.
  • 2.Central banks are adjusting target rates, with the Fed expected to reach 3.13% by mid-2027.
  • 3.Gold prices are forecasted to rise to $5,500/oz by end of 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

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Authors

Daniel KaltDean TurnerAndrew Dubinsky

Securities

S&P 500Brent Crude Oil

Themes

Economic Growth and Inflation ForecastsCentral Bank Policy Outlook

Regions

GlobalEuropeAsia PacificUnited StatesChinaGermany