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UBS WM: Developed markets to see significant rise in inflation this year

Amid the low interest rate environment, developed market inflation is expected to rise materially in 2017, according to UBS Wealth Management, which forecasts full-year CPI readings of 2.3% and 1.6% in the US and EU, respectively. The bank believes the low interest rate environment will buoy global equities. “Corporate earnings are rising in most regions, supported by strengthening consumer demand,…

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