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This special issue of the Global & Regional Monthly report looks at the economic outlook for 2026. Global economic growth is expected to maintain positive momentum in 2026, supported by fiscal stimulus and continued investment in AI technologies. Inflationary pressures should stay broadly contained, mainly on the back of lower energy prices. To support growth while avoiding a resurgence of inflation, major central banks are likely to adopt a cautiously accommodative stance in 2026. Some are expected to keep policy rates on hold, while others may proceed with further cuts, though at a slower and more cautious pace as their easing cycle nears its end. Even so, risks remain elevated and continue to test the resilience of the global economy.