UBS Forecast for 2024: Market Expectations, Risks, and Potential Growth

What to expect for 2024 according to UBS – Photo from pexels.com

UBS Am is an important Swiss asset management company. Let’s find out what he says about the markets for 2024.

We are about to end a very tortuous year, characterized by rising interest rates and high inflation, and despite this the stock markets have risen over 20%. This is also why investors want to know which investments could be a safe haven in the year ahead. To form your own idea and plan future operations, it is very important to learn as many points of view as possible. In fact, analysts do not always agree in their forecasts. Let’s find out what UBS Am asset management thinks about the market situation in the coming year.

What to expect for the markets in 2024: UBS Am’s opinion

In the latest Macro Monthly, UBS Asset Management stated that it expects a soft landing for the world economy by 2024. Furthermore, the US dollar could be destined to record a more than decent performance compared to the other G10 currencies, as well as an outperformance of equities without a significant drop in yields.

These analysts also believe that the Federal Reserve is likely to reduce interest rates in 2024.

Risks, problems and a glimmer of light for some economies

According to UBS Am, the biggest risk for 2024 is related to price pressures, which could lead to a decrease in real income growth.

Furthermore, the economies of China and the European Union are currently stagnant and this reinforces the generalized disinflationary regime. Fortunately, however, positive news could soon arrive for the European economy from some sectors, such as manufacturing. The economy is slowly showing improvements, although the real estate sector continues to be particularly poor.

Here, then, is what to expect for the markets in 2024 according to UBS Am. We just have to wait for the new year to understand if they will prove to be true and in how long.

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2023-12-23 18:00:00
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