This BNP Paribas Asset Management Market Update reviews fresh macro signals, led by the World Bank’s latest forecasts and steady US inflation data.
- The World Bank raised its 2026–27 global GDP outlook to 2.6% / 2.7% (from 2.4% / 2.6%), helped by stronger US momentum.
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Resilience is asymmetric: ~90% of advanced economies are above pre-pandemic per-capita income, while >25% of emerging/developing economies remain poorer than in 2019.
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Markets leaned risk-on: gold topped $4,600/oz, while the tech rally is led by AI “picks-and-shovels” infrastructure providers rather than AI developers.
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