UBS positive on equities as global growth momentum continues

SINGAPORE (Dec 5): UBS is forecasting global economic growth to continue its positive momentum over the past year through to 2018, with little evidence of an impending slowdown.

In UBS House View Year Ahead 2018, UBS' Global Chief Investment Office Wealth Management unit looks back on “particularly impressive” expansion in 2017 as demonstrated in the US, Eurozone, China, Japan, Russia and Brazil, which have pushed worldwide GDP up to 3.8% from 3.1% in 2016 based on its estimates.

Overall, UBS expects growth of 3.8% in 2018 as the current rate of expansion continues, with Brent crude projected to trade sideways, reaching just US$57/bbl in 12 months’ time.

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