Notification:

Please upgrade your browser for an enhanced browsing experience. To update browser to the latest version, please click here.

Alternatively, you may use Chrome as your alternative browser. To download Chrome, please click here.

Forecasts for 2022

US Icon
US
Euro Icon
Eurozone
UK Icon
UK
Japan Icon
Japan
Icon
Emerging
Markets
Icon
Asia
ex-Japan
Icon
China
Icon
India
Icon
Singapore
2022 GDP Growth Forecasts +2.0% +2.6% +3.7% +1.5% +3.8% +5.0% +4.1% +6.9% +3.5%
2023 GDP Growth
Forecasts
+1.5% +2.3% +1.2% +1.4% +4.2% +5.4% +5.5% +6.6% +2.0%
Unemployment Rate Projections
by the End of 2022
3.7% 6.9% 3.9% 2.4% 5.3% 1.9%
2022 Fiscal Balance Projections Note: Negative implies deficit -7.0% -4.6% -4.2% -8.0% -5.0% -9.9% -0.5%
2022 Inflation Forecasts +7.5% +7.0% +8.1% +3.5% +3.5%
(Emerging Asia)
+2.5% +6.6% +5.0%
+27.1%
(Emerging Europe)
+11.2%
(Latin America)
2022 Full-Year Earnings Growth Forecast (EPS) S&P 500 MSCI
Europe
MSCI UK MSCI
Japan
MSCI
Emerging
Markets
MSCI Asia
ex-Japan
MSCI
China
MSCI
India
MSCI
Singapore
+8.4% +14.4% +19.3% +13.7% -3.4% +0.7% -1.5% +22.6% -10.0%
Russell
2000
EuroStoxx
600
FTSE 100 TOPIX CSI 300 Sensex Straits Times
Index
+34.3% +16.0% +22.2% +11.9% +9.1% +19.3% +16.1%
1-Year Forward Price-Earnings Ratio (P/E) S&P 500 MSCI
Europe
MSCI UK MSCI
Japan
MSCI
Emerging
Markets
MSCI Asia
ex-Japan
MSCI
China
MSCI
India
MSCI
Singapore
17.4x 12.5x 10.5x 12.4x 11.4x 12.3x 11.1x 19.1x 15.9x
Russell
2000
EuroStoxx
600
FTSE 100 TOPIX CSI 300 Sensex Straits Times
Index
18.0x 12.7x 10.5x 12.4x 11.9x 19.5x 12.2x

Sources: UOB Global Economics and Markets Research (June 2022), Bloomberg (31 May 2022), IMF World Economic Outlook (April 2022).

We use cookies in order to provide you with better services on our website. By continuing to browse the site, you agree to our privacy notice and cookie policy.