According to a monthly outlook published, the global economy is entering a fragile phase with policy fragmentation, trade disruptions and structural shifts undermining growth. Geopolitical tensions, labour-market mismatches and divergent central-bank paths are cited as key risks. Investors are wary amid elevated valuations and narrow gains in developed markets. Economists said global growth could remain subdued through Q1 2026 unless fresh fiscal-monetary impulses emerge. The survey underlines the challenges facing export-dependent economies and supply-chain adjustments after post-pandemic stimulus fades.