UBS: Chance of 'Roaring '20s' outcome for US economy growing
==========
UBS believes the chance of a 'Roaring '20s' outcome for the US economy is increasing. The bank identifies criteria for such an outcome, including real GDP growth averaging 2.5% or better, inflation of 2-3%, a 10-year Treasury yield around 4%, and the Federal funds rate at 3-4%. UBS sees signs of structurally higher growth taking root, driven by a capital spending boom, surging AI adoption, stronger business dynamism, and productivity gains. The bank believes that a Roaring '20s regime is marginally more likely than it was in 4Q23. However, fiscal policy remains a wildcard, with high deficits potentially requiring consolidation. UBS urges investors not to underestimate the potential for a prosperous decade.
#UsEconomy #'roaring'20s' #Ubs #GdpGrowth #Inflation #TreasuryYield #FederalFundsRate #CapitalSpending #AiAdoption #BusinessDynamism #ProductivityGains #FiscalPolicy
https://uk.investing.com/news/stock-market-news/ubs-chance-of-roaring-20s-outcome-for-us-economy-growing-432SI-3559380
Investing.com UK /
npub1em…ucllf
2024-06-24 11:17:26
Author Public Key
npub1em7dyua4kecyhe868eq29cthns4hkhssjykccv3j0hg9656nzm8s2ucllfPublished at
2024-06-24 11:17:26Event JSON
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"content": "UBS: Chance of 'Roaring '20s' outcome for US economy growing\n==========\n\nUBS believes the chance of a 'Roaring '20s' outcome for the US economy is increasing. The bank identifies criteria for such an outcome, including real GDP growth averaging 2.5% or better, inflation of 2-3%, a 10-year Treasury yield around 4%, and the Federal funds rate at 3-4%. UBS sees signs of structurally higher growth taking root, driven by a capital spending boom, surging AI adoption, stronger business dynamism, and productivity gains. The bank believes that a Roaring '20s regime is marginally more likely than it was in 4Q23. However, fiscal policy remains a wildcard, with high deficits potentially requiring consolidation. UBS urges investors not to underestimate the potential for a prosperous decade.\n\n#UsEconomy #'roaring'20s' #Ubs #GdpGrowth #Inflation #TreasuryYield #FederalFundsRate #CapitalSpending #AiAdoption #BusinessDynamism #ProductivityGains #FiscalPolicy\n\nhttps://uk.investing.com/news/stock-market-news/ubs-chance-of-roaring-20s-outcome-for-us-economy-growing-432SI-3559380",
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