Robeco’s 2026 outlook maps a fleeting window where easing trade tensions, fiscal impulse and nascent productivity gains align into a rare cross-economy expansion.
-
Global growth broadens as U.S. consumption holds, Europe re-accelerates and China edges toward domestic revival; inflation stays sticky but contained.
-
Central banks ease cautiously, with higher neutral rates and lingering fiscal dominance limiting how far rates can fall.
-
Equities retain upside in a melt-up scenario, but stretched valuations make earnings delivery critical; bonds face rising term premia.
For a clearer view of when this harmony could fracture—and how to position before it does—the full outlook lays out the paths ahead.
To read this article, you need a subscription to Investment Officer. If you don't have a subscription yet, click on 'Subscribe' to see the various subscription options.
