Recurring series

Global Forecasts

Finvaulta tracks 14 editions of Global Forecasts from UBS, published between May 14, 2026 and October 8, 2026. Each edition is summarized on its own page.

Latest edition · October 8, 2026

Global Forecast en 1667735

UBS CIO presents its weekly updated global forecasts across macroeconomic indicators, policy rates, government bonds, credit spreads, foreign exchange, commodities, equities, and real estate through 2027. Highlights include expectations for S&P 500 to reach 8,400 by mid-2027 and gold to rise to $5,400/oz by September 2027.

The report details UBS Chief Investment Office's weekly multi-asset market forecasts through late 2027. World GDP is forecast to expand by 3.2% in 2026E and 3.4% in 2027E, with US growth at 2.4% and Eurozone at 0.8% in 2026E. The Federal Reserve's target rate is expected to peak around 4.13% before declining to 3.88% by September 2027, while the US 10-year Treasury yield is anticipated to moderate from 5.28% to 4.50%. Across risk assets, global equities are projected to continue their advance—with S&P 500 EPS expanding to $400 in 2027E—while commodities show divergent trajectories characterized by declining crude oil prices and continued gains in precious and base metals.

Read the latest edition in full

Key takeaways from the latest edition

1.Global economic growth is projected at 3.2% in 2026E and 3.4% in 2027E, with US real GDP expected at 2.4% in 2026E before slowing to 2.1% in 2027E.
2.Equity markets are forecasted to maintain upward momentum, with the S&P 500 projected to rise from 7,802 to 8,400 by June 2027, supported by EPS reaching $400 in 2027E.
3.Precious metals show significant upside potential, with gold projected to climb from $4,111/oz to $5,400/oz and silver from $59.8/oz to $80.0/oz by September 2027.

What this series covers

Economic growth & inflation
Target rates overview
Interest rates
Credit spreads
Major currencies
Emerging market currencies
Commodities
Equity Markets
Real estate markets

Edition archive

Series at a glance

Editions tracked: 14
First edition: May 14, 2026
Latest edition: October 8, 2026

All UBS research

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