UBS Makes A Striking Discovery: Ex-Energy, US GDP Growth Is The Slowest Since 2010

@zerohedge -

@zerohedge—Last week, UBS released its Global Economic Outlook forecast for 2018-2019, which coming in at over 220 pages and with more than 270 charts, is rather "difficult to summarize" as UBS' chief economist Arend Kapteyn snarkily notes. Still, as Kapteyn helpfully summarizes, the 3 charts below capture some of the main themes from the report, the first of which is a doozy and crushes the Trump "economic recovery" narrative . Message 1: The 2017 global growth acceleration was largely (70%) a commodity...

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