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WEF Survey Sees Cautious 2026 Outlook, India Leading South Asia’s Growth

The new Chief Economists Outlook highlights three forces likely to steer policy—AI-driven investment, rising debt burdens, and tighter trade controls.

Overview

  • 53% of surveyed chief economists expect global conditions to weaken over the next year, improving from 72% in September 2025.
  • South Asia ranks as the strongest regional performer, with 66% expecting strong or very strong growth, largely attributed to India’s momentum.
  • India’s recent data underpin the optimism, with the RBI citing a “goldilocks” backdrop and reporting 8.2% year-on-year real GDP growth in the September quarter alongside near-zero inflation.
  • A narrow majority of respondents (52%) expect AI-linked US equities to decline over the next year, even as nearly four in five foresee near-term productivity gains in the US and China.
  • Debt and geoeconomics top the risk map, with nearly one-third fearing sovereign debt crises in advanced economies, almost half in emerging markets, and strong expectations of persistent USChina tech controls and more bilateral or regional trade deals.