Economic Outlook

Economic and Capital Markets Outlook – Q3 2026
Economic and Capital Markets Outlook – Q3 2026

The global economy has proven remarkably durable following a succession of tariff shocks in 2025 and the outbreak of the U.S./Israel-Iran war in 2026. Indeed, recent readings of economic activity point toward continued resilience this year, rather than a sharp deceleration. […]

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Economic and Capital Markets Outlook – Q2 2026
Economic and Capital Markets Outlook – Q2 2026

The world economy has sustained a series of profound shocks in recent years, including the pandemic, the Russia/Ukraine war, high inflation and tariff hikes. With the onset of the U.S./Israel-Iran war, it appears that global resilience will once again be tested. […]

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Economic and Capital Markets Outlook – Q1 2026
Economic and Capital Markets Outlook – Q1 2026

Q&A with our Economics Team. The global economy has continued to advance despite a number of major headwinds in recent years. […]

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Economic and Capital Markets Outlook – Q4 2025
Economic and Capital Markets Outlook – Q4 2025

Trade-related distortions are fading and recent readings of economic data suggest the global economy remains broadly resilient. […]

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Economic and Capital Markets Outlook – Q3 2025
Economic and Capital Markets Outlook – Q3 2025

Breakthroughs in trade talks between the U.S. and its major trading partners buoyed financial markets in the second quarter. […]

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Economic and Capital Markets Outlook – Q2 2025
Economic and Capital Markets Outlook – Q2 2025

Punitive U.S. tariffs destabilized markets in the first quarter. […]

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