All 10 major economies saw real GDP growth downgrades and upward revisions to inflation for the year in our latest forecasts. Global expansion drops below 3% in 2026, while inflation rises above 4%—tightening demand and squeezing profitability.
The Strait of Hormuz blockage is the defining shock of 2026. Disruption to this critical maritime corridor exposed the fragility of energy supply, pushing input costs higher and feeding through to transport, manufacturing and consumer prices. Margins are narrowing, and investment is coming under pressure.
Leaders need to reassess exposure and test resilience across potential outcomes.
In this report, you get updated GDP growth projections, inflation forecasts, scenarios and.......
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