UBS Macro Monthly - January 2022

2022: The year of pent-up production

  • In our view, a key theme in 2022 will be production catching up to strong demand.
  • Global manufacturing surveys suggest conditions for production are improving,while rebounding auto production indicates subsiding shortages.−Better public health outcomes after Omicron will likely drive more labor markethealing.
  • Strong growth in output should also allow developed market central banks toreduce monetary stimulus, pushing bond yields higher and weighing on equityvaluations.
  • However, strong earnings growth means equities should still advance this year, withbetter performance from cyclically-oriented regions and sectors.

Read article

UBS-Fonds kaufen Sie über FondsSuperMarkt zu besonders günstigen Konditionen!

  1. Dauerhaft 100% Rabatt auf den Ausgabeaufschlag
  2. Kostenloses Depot
  3. Keine Transaktionskosten
  4. Sichere Verwahrung bei einer deutschen Depotbank

mehr erfahren