Global Economy Shows Remarkable Resilience
The global economy is demonstrating remarkable resilience despite an environment marked by geopolitical and trade tensions. According to a January 2026 report by the International Monetary Fund (IMF), global growth is expected to remain stable at 3.3% in 2026 and settle at 3.2% in 2027; figures comparable to the estimates of 2025.
Key Drivers of Resilience
The same report, published today, January 19, identifies the surge in investments related to new technologies, particularly artificial intelligence (AI), as the primary driver of this resilience. This dynamism, especially visible in North America and Asia, compensates for the headwinds generated by the reorientation of trade policies. In the United States, technological spending has already significantly contributed to GDP growth in 2025, neutralizing some temporary budgetary brakes. In contrast, the eurozone benefits less from this technological surge and remains penalized by high energy costs, with a projected modest growth of 1.3% in 2026.
Global Inflation Trends
On the price front, global inflation continues to decline. It is expected to drop from 4.1% in 2025 to 3.4% in 2027. However, this return to the target values of central banks is more gradual in the United States than in other major economic powers. As a result, the trajectories of key interest rates diverge: a decrease is expected in the United Kingdom and the United States, while they are expected to remain unchanged in the eurozone and increase gradually in Japan.
