The report analyzes the global economic outlook for the year 2026, focusing on the slowing global economy amid persistent supply shocks.
It highlights five global themes, country and regional outlooks, and how to translate macroeconomic insights into action. The global economy remains resilient but growth is easing, with global real GDP growth expected to slow from 3.3% in 2025 to 3.1% in 2026. Developed markets face structural and cyclical headwinds such as aging populations, underinvestment, immigration constraints, and rising protectionism, though AI investment offers some counterbalance. Emerging markets show uneven but generally firmer momentum, with resilient demand in India and policy support in parts of Asia.