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The old CS-CFA indicator, published under the UBS banner on Wednesday for the first time since the merger of the two major banks, rebounded from -38.6 points to -27.6 points in September. Although experts talk about stability, the indicator is still below zero for the 19th month in a row.
However, according to experts, the current level indicates an economic slowdown and does not indicate a recession. For example, during the financial crisis, the euro debt crisis, and also during the pandemic, the indicator was significantly low. Additionally, long-term inflation expectations have stabilized and key rate hike possibilities have diminished.
According to UBS, 49 analysts participated in the survey conducted between September 14-21.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
