UBS: Emerging Markets Are Entering 'a New and Dangerous Phase' in 2016
Balance sheets are in disarray.
This article is for subscribers only.
Just like Christmas music, the year-ahead previews from Wall Street seem to come a little earlier each year.
UBS's global strategy team recently released its 2016 Outlook, in which strategists detailed the macro developments—such as liftoff from the Fed, acceleration in European growth, moderation in China's expansion, and the persistence of disinflationary pressures—that are likely to shape market returns in the coming year.