AGP Executive Report
Last update: 7 hours agoGlobal Outlook: The IMF lifted its 2026 growth forecast slightly to 3.1% but warned that depleted fuel reserves, record public debt and repeated shocks are eroding the world economy’s resilience. Inflation and Rates: Bank of Canada Governor Tiff Macklem expects a sharply higher inflation outlook as oil stays expensive and supply disruptions persist, keeping future rate rises in view. UK economists have also shifted toward a November rate hike. Markets and Energy: Brent crude topped $110 a barrel as technology stocks lost more than $1 trillion in a day. Goldman Sachs sees oil averaging $80 in 2027 if Middle East supply recovers, but renewed conflict could delay a retreat. AI and Stocks: A deepening chip selloff and rising borrowing costs have revived concerns about whether huge AI investments will pay off for investors, even if the technology delivers. Public Finances and China: The US budget deficit reached $1.99 trillion in fiscal 2026, while China’s modest growth rebound remains fragile, with weak household spending and a prolonged property slump weighing on the outlook.
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