Uncertainty remains elevated, not least on the geopolitical front, amid a wide array of risks

The global economy is expected to grow at a reasonable but not particularly exciting pace again this year, supported by easier monetary policy, fiscal stimulus in key economies and the continued artificial intelligence (AI) boom, but important downside risks remain in a volatile and unpredictable global environment, according to ACCA’s latest Global Economic Outlook.

The third edition of ACCA’s annual outlook finds that global growth proved more resilient than expected in 2025, despite the major trade disruptions and massive policy uncertainty. That resilience is likely to carry into 2026, with global GDP likely to expand by around 3%, broadly in line with last year, though risks remain more firmly skewed to the downside.