Q4 2026 Outlook: A Less Synchronized World
Headline growth looks resilient, but the world beneath it is increasingly uneven.
The final quarter of 2026 arrives with an unusual combination of economic resilience and continued investment uncertainty. Consensus estimates point to global growth of 3.0% in 2026 and 3.1% in 2027, but economies tied to the AI and technology value chain are pulling ahead. Higher interest rates and persistent inflationary pressures are challenging assumptions that have shaped portfolios for much of the past decade.
In this edition, we explain why the answer is not to retreat to cash, but to build portfolios that can earn returns from multiple sources, including fixed income, Asian equities and select alternatives.
We hope this Q4 Outlook provides useful insights for the months ahead, and we look forward to supporting your long-term wealth goals.