Opinion on the year ahead

We aren’t in the habit of making predictions, but here are some thoughts from reputable banks and organisations for consideration 

‘Global real GDP growth will continue to slow over the next year but improve somewhat in 2027… For many economies around the world, the negative shock to growth associated with US tariffs is beginning to manifest. Surges in exports to the US, resulting from front-loaded demand and inventory stockpiling among US businesses ahead of tariff implementation, resulted in strong growth rates in H1 2025 for many economies. We expect weaker numbers in Q4 2025 and early 2026 as the full weight of tariffs takes its toll’ – The Conference Board 

‘Global growth will likely remain steady but subdued with advanced economies growing modestly and emerging markets mostly maintaining stronger momentum. On trade, the possibility of China and the US decoupling has increased with rising restrictions and uncertainty, but other global economies could strengthen their relationships. Outlooks vary widely across G-20 economies’ – Moody’s 

‘The global economy is undergoing a period of profound transformation, marked by persistent short-term disruption and heightened uncertainty as well as long-term structural change. Regional outlooks are divergent: the US faces subdued prospects and inflationary pressures; Europe shows fragile but improving growth; China confronts deflationary headwinds; and emerging regions such as Sub-Saharan Africa and the Middle East and North Africa project stronger momentum’ – World Economic Forum 

Today’s world is unpredictable. Whatever happens in the markets, we can help you take control with a long-term financial strategy, so you can face the future with confidence. 

Here’s to a happy, healthy and prosperous 2026! 

It is important to take professional advice before making any decision relating to your personal finances. Information within this document is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed. It does not provide individual tailored investment advice and is for guidance only. Some rules may vary in different parts of the UK. Tax treatment varies according to individual circumstances and is subject to change. Advice on Cash on Deposit, National Savings Products, Inheritance Tax Planning and Tax Planning are not regulated by the Financial Conduct Authority. 

All details are believed to be correct at the time of writing (5 December 2025) 

 Approver Quilter Financial Limited and Quilter Financial Services Limited 15/12/2025