UBS Chief Economist Paul Donovan highlights how rising economic uncertainty is freezing US labor market activity and business hiring. The report also notes persistent uncertainty surrounding geopolitics and ECB policy.
Key Takeaways
- 1.Economic uncertainty has surged, with the Federal Reserve's Beige Book referencing the term 50 times.
- 2.High uncertainty is negatively impacting US labor market activity, creating a 'no hire' environment.
Table of Contents
- Audio
- Global asset class preferences definitions
- Appendix
- Risk information
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Authors
Paul Donovan
Themes
Economic UncertaintyLabor Market Stagnation
Regions
GlobalUnited StatesLebanonIsrael