What will the global economy look like in 2026? This question is directly affecting the nerves of the entire financial market.

Will the Federal Reserve continue to aggressively cut interest rates? Can China's monetary policy maintain a moderate easing pace? These two questions directly impact the global liquidity environment. Meanwhile, the RMB exchange rate trend, whether gold can hit new highs, and whether the risks in the real estate market will be cleared all become focal points of market attention. Don't forget the rampant US stock AI bubble—will it eventually be burst by reality?

Ten chief economists from leading institutions jointly provide their predictions for 2026. From the global economic growth outlook, to new developments in China's economy, and to the trends of various assets, their views each have their focus but all point to the same core: policy expectations and liquidity will be the biggest variables of the year.