This report provides a forward-looking assessment of the global economy based on insights from leading chief economists. It highlights a cautious outlook, with over half expecting economic conditions to weaken amid persistent geopolitical tensions, rising debt levels and uncertain financial markets. Key risks include inflated asset valuations, fiscal pressures and shifting trade patterns driven by strategic competition. At the same time, artificial intelligence is identified as a major driver of both productivity gains and disruption, with uneven impacts across regions and industries. Regional outlooks vary, with stronger growth prospects in parts of Asia and more subdued expectations in Europe and other regions facing structural challenges. The report underscores that policy decisions, in

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