According to Moody's latest macroeconomic outlook, global economic growth is expected to decelerate from 2.8% in 2025 to 2.6% in 2026, then stabilize around 2.6% in 2027 and 2028. Developed economies are projected to grow about 1.7% next year, while emerging markets growth is expected to slow from 4.5% in 2025 to around 4% in 2027. Moody's noted that oil prices, having peaked and remaining near the upper end of the $90-110 per barrel range, will help ease overall inflation; oil prices are then projected to begin declining from mid-2027.

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