北方信托：2026年全球投资展望报告：复杂环境下的韧性构建（英文版）

Since the global pandemic, economies around the world have shown tremendous resilience despite a bevy of difficult circumstances. Recession has often felt inevitable, and several nations have barely treaded water. Yet through it all, growth has prevailed. Risks to the outlook have not diminished and are continually evolving. As we enter 2026, we cannot ignore the risks to the outlook: Trade Turbulence: Navigating Unsteady Terms Terms of trade are unsteady. While tariff escalations have dimini