How can the U.S. economy achieve 3% growth? UBS: Capital expenditure, labor improvement, and fiscal adjustment are the key factors.

According to the latest research report from UBS, the US economy is expected to maintain a growth rate of around 3% in the next few quarters. This optimistic outlook is mainly based on three main pillars: strengthening capital expenditure, structural improvement in the labor market, and adjustment of fiscal policy. According to Joseph Lavorgna, advisor to the US Treasury at UBS, capital expenditure in the first half of the year has already achieved significant growth of 13%-14%. With the continued stimulus of tax incentives policies (such as 100% expensing of capital expenditure and building structures), this growth momentum is expected to continue into the second half of the year.