<p>As 2025 draws to a close, the global economy heads into 2026 with a surprisingly resilient backdrop: equities remain near cycle highs, volatility is low, and growth forecasts have been edging up. Against this constructive backdrop, our charts this week focus on some of the key downside risks that concern:</p>
<ul>
<li>The global growth consensus</li>
<li>Central bank policy calibration</li>
<li>Financial market stability</li>
<li>AI expectation versus reality </li>
<li>Global trade disruption</li>
<li>Geopolitical risks </li>
</ul>

As 2025 draws to a close, the global economy heads into 2026 with a surprisingly resilient backdrop: equities remain near cycle highs, volatility is low, and growth forecasts have been edging up. Against this constructive backdrop, our charts this week focus on some of the key downside risks that concern: The global growth consensus Central bank policy calibration Financial market stability AI expectation versus reality Global trade disruption Geopolitical risks

<p>As 2025 draws to a close, the global economy heads into 2026 with a surprisingly resilient backdrop: equities remain near cycle highs, volatility is low, and growth forecasts have been edging up. Against this constructive backdrop, our charts this week focus on some of the key downside risks that concern:</p>
<ul>
<li>The global growth consensus</li>
<li>Central bank policy calibration</li>
<li>Financial market stability</li>
<li>AI expectation versus reality&nbsp;</li>
<li>Global trade disruption</li>
<li>Geopolitical risks&nbsp;</li>
</ul>

The Downside Risks

Haver Analytics is the premier provider of global economic and financial data, delivering timely and accurate time series data to a wide range of clients, including central banks, government agencies, financial institutions, and academic institutions. Founded in 1969, Haver is a privately held company headquartered in New York City with offices around the world.

Haver Analytics also offers a variety of other products and services, including:

• Data visualization and analysis tools
• Data integration and management services
• Custom data solutions
• Training and consulting services

Get in touch: sales@haver.com
Visit our website: www.haverproducts.com

Business

Haver Analytics is the premier provider of global economic and financial data, delivering timely and accurate time series data to a wide range of clients, including central banks, government agencies, financial institutions, and academic institutions. Founded in 1969, Haver is a privately held company headquartered in New York City with offices around the world. Haver Analytics also offers a variety of other products and services, including: • Data visualization and analysis tools • Data integration and management services • Custom data solutions • Training and consulting services Get in touch: sales@haver.com Visit our website: www.haverproducts.com

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The Downside Risks

The Downside Risks