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UBS ups its forecast for next year

National News // Dec. 2, 2020

The bank UBS says the economy in 2021 will perform better than first predicted.

Pixabay UBS ups its forecast for next year

Economists say they expect a contraction of 3.2% over the next 12 months – earlier they had predicted a shrinkage of 4.5%.

But they warn there are still major uncertainties – but they expect the roll out of the vaccine should support the economy.

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