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Global growth to moderate through 2026 amid debt and geopolitical risks
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S&P Global projects slower 2025–26 global growth due to debt and geopolitical risks; Asia expected to outperform.
Global growth is projected to slow modestly in 2025–26, with sovereign-debt risks, energy volatility, and prolonged geopolitical conflicts weighing on trade and investment. S&P Global notes tightening fiscal conditions and elevated yields could pressure emerging economies, though Asia remains a relative outperformer driven by India and Indonesia.