加拿大人寿：2026年市场展望报告：把握韧性经济中的机遇（英文版）（29页）.pdf

1、This document contains both information and navigation buttons.To read information,use the Down Arrow from a form field.Canada Life Investment Management Ltd.|2026 Market Outlook Report12026 Market Outlook Keeping steady in uneven but resilient markets Despite tariff pressures,softer labour markets

2、and renewed geopolitical tensions,the global economy showed surprising resilience in 2025.In 2026,its artificial intelligence,easing inflation,trade tensions,diverging monetary policies and structural challenges that may be the drivers impacting global growth and shaking up markets.Canada Life Inves

3、tment Management Ltd.|2026 Market Outlook Report2Executive summary We expect the investment landscape in 2026 to be complex,with notable trends and evolving investment opportunities.In this Market Outlook,weve gathered insights from world class investment managers across our product shelf to help yo

4、u navigate the year ahead.Five themes stand out,offering context on whats shaping global markets and what may guide investment decisions in 2026.1Adaptability will remain critical.Markets are entering a transition period following interest rate cuts in Canada and the U.S.,ongoing tariff pressures an

5、d accelerating investment in artificial intelligence(AI).Flexibility will be essential to navigate these dynamics.2Global growth will continue to surprise.Despite geopolitical challenges and labour market weakness,global gross domestic product at the end of 2025 was stronger than anticipated,driven

6、by AI-related spending.In 2026,economic activity is expected to increasingly revolve around two blocs,with the U.S.-led bloc maintaining advantage in liquidity,scale and technological depth over the China-led bloc.3Regional divergence will persist.Canada enters 2026 with subdued demand but room for