Review and outlook

The second half of 2026 begins against a challenging yet opportunity-laden backdrop. Despite geopolitical tensions and heightened uncertainty, our base scenario remains constructive: The world’s economy is continuing to grow – albeit at a modest pace – and a pronounced recession is not our core scenario. Staying invested is vital in order to benefit from the opportunities available over the long term.

What do investors need to consider? How do we see the market situation? Our “Review & outlook” publication has the answers. Take a look!